Senegal To Introduce A New Blockchain Based National Digital Currency, Second Country To Have Digital Currency

  • Senegal To Introduce A New Blockchain Based National Digital Currency, Second Country To Have Digital Currency
  • The other interesting point to observe is how both Tunisia and Senegal’s digital currencies use the blockchain as part of their technology but don’t use BitCoin as a currency.
  • Senegal has recently become only the second country in the world which will introduce a new national digital currency.
  • In late 2015 Tunisia became the first country in the world to offer its national currency to be transmitted through cryptocurrency based blockchain.
  • Named eCFA, the digital currecy will be blockchain based and will be legal tender just as their current currency, CFA Franc, is.

Senegal has recently become only the second country in the world which will introduce a new national digital currency. Named eCFA, the digital currecy will be blockchain based and will be legal tender just as their current currency, CFA Franc, is.
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Bitcoin Is Not Currency, According to Jewish Law

#bitcoin Is Not Currency, According to Jewish Law

  • According to Jewish law, bitcoin, like foreign money, is more of a commodity than a currency, he said.
  • According to Jewish law, if something has value it can be considered currency.
  • It seems as if bitcoin is more akin to merchandise, where the issue of usury comes up.
  • “Practically, that means if you borrow bitcoins from someone, you need to return the value of the bitcoins you borrowed, not actual bitcoins,” said Shurpin.
  • As if the concept of bitcoin didn’t already have some of us scratching our heads, now it turns out that according to Jewish law, it’s not even kosher currency.

Read the full article, click here.


@bitcoinagile: “#bitcoin Is Not Currency, According to Jewish Law”


It’s not kosher, but it’s complicated.


Bitcoin Is Not Currency, According to Jewish Law

Bitcoin Is Not Currency, According to Jewish Law

Bitcoin is not currency, according to Jewish law:

  • According to Jewish law, bitcoin, like foreign money, is more of a commodity than a currency, he said.
  • According to Jewish law, if something has value it can be considered currency.
  • It seems as if bitcoin is more akin to merchandise, where the issue of usury comes up.
  • “Practically, that means if you borrow bitcoins from someone, you need to return the value of the bitcoins you borrowed, not actual bitcoins,” said Shurpin.
  • As if the concept of bitcoin didn’t already have some of us scratching our heads, now it turns out that according to Jewish law, it’s not even kosher currency.

Read the full article, click here.


@motherboard: “Bitcoin is not currency, according to Jewish law:”


It’s not kosher, but it’s complicated.


Bitcoin Is Not Currency, According to Jewish Law