Stellar receives certification to operate in Islamic financial institutions | CriptoNews

Likewise, the Stellar team affirmed that over the next few months it will be meeting with "global financial institutions" to engage them in how best to use their blockchain, now with this approval, in their products directed to these regions.

It is important to clarify that, when speaking of Islamic financial institutions, it is usually referred to the financial organizations that comply with the Islamic law or sharia, which prohibits usury and follows principles such as that of share the profits and risks.

Stellar Lumens is in the sixth position of the cryptocurrency market by market capitalization according to CoinMarketCap. Its price received a boost of 11% last Friday, following the announcement of possible inclusion in the Coinbase exchange house, and this Wednesday shows an increase of 20.64% in the last 24 hours, which brings its price to $ 0 , 29 and its market capitalization at $ 5.4 billion.

It should be mentioned that, previously, other tokens and companies have received the approval of Sharia law . Among them is the company HelloGold and its token GOLDX, as well as the Canadian Goldmoney.

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