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Ugandan Bank Can Pursue $211M Fraudulent Takeover Claim
by Gunnar Larson 28 Jul '23

28 Jul '23

Ugandan Bank Can Pursue $211M Fraudulent Takeover Claim By William Janes A London appellate court has revived a Ugandan bank's $211 million claim that it was the victim of a fraudulent takeover plot by Ugandan state officials and a rival, overturning a ruling that the defendants were protected by state immunity. Read full article » | Save to favorites » https://www.law360.co.uk/financial-services-uk/articles/1704265?nl_pk=4fb41…

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Coutts CEO Resigns In Wake Of Nigel Farage Account Closure
by Gunnar Larson 28 Jul '23

28 Jul '23

Coutts CEO Resigns In Wake Of Nigel Farage Account Closure By Alex Davidson The chief executive of Coutts & Co. resigned Thursday with immediate effect amid mounting concerns over why the bank had closed the account of former politician Nigel Farage. Read full article » | Save to favorites » https://www.law360.co.uk/financial- services-uk/articles/1704512?nl_pk=4fb4178d-225f-4ebc-8adb-2c927e9ee7ec&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2023-07-28&read_main=1&nlsidx=0&nlaidx=0

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Cryptocurrency: Dubai Royals Issue Islamic Coin ISLM Pump-n-Dump Failboat
by grarpamp 28 Jul '23

28 Jul '23

Any coin that is under the authority of someone, or of some entity, GovBankCorp, governance, etc... is doomed to fail from day one. This shitcoin is no different. And just like this shitcoin, Stay Away From Islam. Dubai's ruling royal family is about to enter the crypto space with Islamic coin. by massimoed Obligatory Warnings: This is not financial advice, DYOR. This is neither a shill nor some religious fanboy post , just sharing my deep dive on something interesting I came across, which at first glance seemed like a joke. Dubai is already one of the most crypto friendly country being a safe haven for exchanges & having 0% tax on capital gains from crypto. Today while looking into the rain exchange being approved in UAE, I came across a post about Islamic coin (ISLM), at first I thought it was some joke, like a meme coin or something, like we're gonna have some religious crypto battle with other religion named coins. Then I discovered that it's actually being launched by the members of ruling family of Dubai. Obviously they have the funds to fund their project, but they have outside funding of over 400 million as well, with 200 million deal in June from Alpha Blue Ocean's ABO digital. (I believe it's a french VC firm). I went to their website, read the white paper & researched it around the internet and here's my list of red flags (mostly) & green flags: Red flags: I looked into it's white paper, mostly some bullshit about "empowering the Islam followers of the world" This is an actual quote from the white paper: "If 3-4% of the Muslim online community will hold Islamic Coin, it will become a bitcoin-scale crypto asset, generating a trillion dollars for its holders, and $100 billion for the Evergreen DAO". This makes it seem that they just wanna excite the investors & only care about making gains. The total token supply will be 100 billion (which reminds me of XRP & how heavily dumped it is). The initial supply will be 20 billion. 4.3 billion coins will be minted every in the first two years, from then on out the emissions will be reduced by 5% every two years. This means more than half of the supply (50 billion) will be out there within 18 years. 4.3 Billion tokens potentially being dumped is every two years is not good for price action. They have an oracle called "Shariah" for on-chain registry of halal certificates, so any dApp on it must get this approval which is ultimately the decision of the "Shariah board", so basically the royal family controls what goes on there. The initial token supply is not great with a lot of tokens going to initial investors & not making it clear how much exactly is gonna be Airdrops: 2 billion – Evergreen Foundation: Charity fund & fund for other web3 projects. 5.5 billion – Partners & initial investors 4 billion – Private Sale 5.5 billion – Business reserve for airdrops, operational costs, grants. 3 billion – For founders (Royal family I guess) Obviously a government (ruling family, in this case) launching a token is more about control rather than anything else. Green flags: Their blockchain HAQQ is ethereum codebase compatibility (so devs can build using the same tools as in ethereum) & IBC (Inter-blockchain communication protocol) that allows interoperability with other IBC compliant chains like cosmos & in future, ethereum. They've been developing it since 1 year with testnet, then main-net & so far being on point with each milestone. The biggest green flag is that the royal family obviously have deep pockets & deep connections. In Q4 2023, they're gonna implement ISLM coin as payment method with 20 major partners in MENA (Middle-east North Africa region), launch a mastercard backed by their coin. They're also gonna launch gold pegged stable coin in cooperation with UAE banks. Both red & green flag: The royal ruling family: This might be just a way to make their pockets even deeper, but then again their pockets are already deep & this could actually be a genuine way for them to compete in the web3 space with every country trying to make their own blockchain. Dumping their own token & egging their face will be bad PR on an international stage, but there could be slow sell offs to potentially make billions. Token & airdrop The airdrop snapshot has already been taken. The token hasn't been launched yet. There's another coin with a similar name (IslamiCoin) that has pumped ~300% in the last 10 days, obviously stay away from it. My thoughts It's probably not gonna be a pump & dump for royal family to make their pockets deeper. But there's probably gonna be an initial dump because 50% of initial supply is going to initial investors. I think it's more about control, with crypto being embraced by them they wanna steer the public more towards their coin rather than others. They're doing this by making their wallet & mastercard an "easy way" to pay for goods & services and people probably are gonna use it, since most muslims care about goods & services being halal & any merchant that the coin works with will be halal certified. They'll probably gonna expand into doing large transactions with their gold pegged stable. I'm not gonna be apeing into it, I'm gonna see how it plays out for a few months. That's all folks!! [–]seva98 65 points66 points67 points 1 day ago (65 children) Isnt this against their religion? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 101 points102 points103 points 1 day ago (27 children) They decide what the religion is, when it suits them permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 49 points50 points51 points 1 day ago (20 children) As all religions do. permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 15 points16 points17 points 1 day ago (12 children) Religions have rules until they change. permalink embed save parent report give award reply [–]Odd-Radio-8500Tin | 2 months old 3 points4 points5 points 1 day ago (0 children) Right, religions have rules we interpret it for our liking. permalink embed save parent report give award reply [–]itbedeef 7 points8 points9 points 1 day ago (8 children) Let's make our own religion rules! permalink embed save parent report give award reply [–]Easy-Medicine-8610Tin 2 points3 points4 points 1 day ago (0 children) Sounds like plain ol humans to me. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 2 points3 points4 points 1 day ago (2 children) Let's make our own We already did. The 10 commandments of /r/cryptocurrency can be found listed on the right hand side of this sub. permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 1 day ago (1 child) And you, sir, are one of our prophets. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 2 points3 points4 points 1 day ago (0 children) The closest to profit seen in this sub. permalink embed save parent report give award reply [–]Da_OG_EnderTin | 6 months old 3 points4 points5 points 1 day ago (3 children) With hookers and beer! permalink embed save parent report give award reply [–]ztkraf01Platinum | QC: BTC 100, CC 94 | MiningSubs 30 -1 points0 points1 point 1 day ago (0 children) Catholics do this. Except the hookers are little boys permalink embed save parent report give award reply [–]White__Walter 0 points1 point2 points 21 hours ago (0 children) You mean Tits and Wine? permalink embed save parent report give award reply [–]deathbyfish13Free Range Moon Farmer 1 point2 points3 points 1 day ago (0 children) That's deep permalink embed save parent report give award reply [–]PiedDansLePlatPlatinum | QC: CC 58 | ADA 8 | Superstonk 16 0 points1 point2 points 19 hours ago (0 children) Religion small rules changes, the overall dogma stay the same. They try to gives one truth and a moral, but that's their strenght and weakness permalink embed save parent report give award reply [–]tasfarell 7 points8 points9 points 1 day ago (3 children) Ppl like to forget about all the books they took out of the bible. https://totallythedream.com/books-removed-from-the-bible/ permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 5 points6 points7 points 1 day ago (1 child) They never read : "There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses." in church as well :( permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 0 points1 point2 points 1 day ago (0 children) They never read : Be the change you want to see in the world. permalink embed save parent report give award reply [–]Purple_is_masculineTin -1 points0 points1 point 1 day ago (0 children) Nothing removed, they just didn't use those texts when compiling the Bible. And those texts were of varying quality, some basically ancient fanfiction.. permalink embed save parent report give award reply [–]Hawke64Platinum | QC: CC 199 3 points4 points5 points 1 day ago (2 children) Maybe we should start one. We can call it Cramer's Witnesses or something like that. permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 0 points1 point2 points 1 day ago (1 child) Cramers Witnesses knock on your door and ask: "Do you have a moment for us to urge you to sell your bitcoins NOW?!" permalink embed save parent report give award reply [–]tomasbabr 2 points3 points4 points 1 day ago (0 children) Thats for sure, rules are rules until they decide to alter them to benefit themselves. permalink embed save parent report give award reply [–]prkr88Bronze | QC: CC 19 | LRC 31 | ExchSubs 20 0 points1 point2 points 1 day ago (0 children) Cheers! 🍻 permalink embed save parent report give award reply [–]KingHiggins92 0 points1 point2 points 1 day ago (0 children) The correct answer and with upvotes. Wow Reddit did good today. permalink embed save parent report give award reply [–]confirmSuspicionsPlatinum | QC: ALGO 127, CC 74 | PCgaming 78 0 points1 point2 points 1 day ago (0 children) As is tradition permalink embed save parent report give award reply [–]omghag18 0 points1 point2 points 1 day ago (0 children) Better to stay away from religious things in crypto permalink embed save parent report give award reply [–]obsessedgleaner194 7 points8 points9 points 1 day ago (1 child) money is true religion permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 1 day ago (0 children) The ultimate god of all peoples in this world. permalink embed save parent report give award reply [–]skankhunt_4Tin 4 points5 points6 points 1 day ago (0 children) Not per se, as long as no interest is involved. permalink embed save parent report give award reply [–]tomasbabr 2 points3 points4 points 1 day ago (0 children) People tend to forget about things when it comes to money.. permalink embed save parent report give award reply [–]Josefumi12 7 points8 points9 points 1 day ago (1 child) They got $Halal already /s permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 1 point2 points3 points 1 day ago (0 children) Oh no permalink embed save parent report give award reply [–]peskyant 2 points3 points4 points 1 day ago (2 children) it is? we aren't supposed to get interest, but who says about cryptocurrency permalink embed save parent report give award reply [–]sakata32Platinum | QC: CC 742 2 points3 points4 points 1 day ago (0 children) yeah what part of it is against the religion? permalink embed save parent report give award reply [–]Easy-Medicine-8610Tin 1 point2 points3 points 1 day ago* (0 children) Is a royal rug pull different than a generic rug pull? I'm just curious if there is more prestige in being royally rugged. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 1 point2 points3 points 1 day ago (0 children) Isnt this against their religion? I don't think the Quran quite covered off the rules for trading DOGE and PEPE. You may be referring to references regarding the earning of "interest", which this does not do. permalink embed save parent report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 2 points3 points4 points 1 day ago (0 children) I’d imagine having obscene amounts of money, having people carry out murders for you, and generally ignoring a lot of the rules of your religion is against their religion, but here we are… /s permalink embed save parent report give award reply [–]AverageCadian 1 point2 points3 points 1 day ago (0 children) My first thoughts exactly. Plenty of islamic mates who don't even have interest on their savings accounts. Would love to know how this would work. permalink embed save parent report give award reply [–]CymandeTV 1 point2 points3 points 1 day ago (0 children) Easy when the money flows already. They already have the black gold. Why not the digital one now? permalink embed save parent report give award reply [–]robbie5643Platinum | QC: CC 77 1 point2 points3 points 1 day ago (0 children) Charging interest is for sure (regardless if it’s followed/they use work arounds) but I’m pretty sure they’re significant debate about receiving it if the profits aren’t from other Muslims. I’m also not sure if this counts as equity bs interest so I’m thinking it’s largely ok. Full disclosure not Muslim but I work in banking and this was super fascinating to me, so I’ve had some conversations about this specifically with Muslims lol permalink embed save parent report give award reply [–]CryptoTechLyfe 1 point2 points3 points 1 day ago (0 children) Simple answer: No. Crypto is not inherently against the Islamic religion. permalink embed save parent report give award reply [–]Tasigur1Tin 1 point2 points3 points 1 day ago (0 children) Crypto is ok, interest is forbidden! permalink embed save parent report give award reply [–]Legal-Bid2695 2 points3 points4 points 1 day ago (1 child) Thats what I was thinking permalink embed save parent report give award reply [–]QptimisedTin 0 points1 point2 points 1 day ago (0 children) It's Haram for sure. permalink embed save parent report give award reply [–]BrocoliAssassin 0 points1 point2 points 1 day ago (0 children) Just as long as you don't draw the coin's logo anywhere you should be fine. permalink embed save parent report give award reply [–]sgtslaughterTVPlatinum | QC: CC 204, NANO 48, BTC 27 0 points1 point2 points 1 day ago (0 children) I'm a Muslim and recited Shahada a few months ago. There is ongoing debate about whether or not bitcoin is Haram in Muslim societies globally. Personally, there is no doubt in my mind that staking cryptocurrency is Haram, as this introduces something that is known as "Riba", or "interest". But holding cryptocurrency is not. permalink embed save parent report give award reply [–]XWarriorYZPlatinum | QC: CC 710, CCMeta 23 | Stocks 32 -1 points0 points1 point 1 day ago (0 children) Money is the only true religion permalink embed save parent report give award reply [–]harveytentTin -1 points0 points1 point 1 day ago (0 children) Nah the sharia board said it’s ok and they trump all others like that far out there Muhammad dude permalink embed save parent report give award reply [–]kraygus -1 points0 points1 point 1 day ago (0 children) Yes, but they changed it. permalink embed save parent report give award reply [–]_Zazu95_Tin | CC critic | ADA 15 -1 points0 points1 point 1 day ago (0 children) It definitely is😂 permalink embed save parent report give award reply [–]lordofming-risesSilver | QC: CC 468 | CRO 70 | Superstonk 237 0 points1 point2 points 1 day ago (0 children) I think staking is Haram so not really against but the airdrop and rewards is permalink embed save parent report give award reply [–]Dingle-DingusTin 0 points1 point2 points 1 day ago (0 children) Serious question: how would minting a cryptocurency being against their religion? permalink embed save parent report give award reply [–]HairyChest69 0 points1 point2 points 1 day ago* (0 children) Bitcoin is your God now. permalink embed save parent report give award reply [–]DrinkMoreCodeMoreSilver | QC: CC 347, GPUmining 29, ETH 16 | ADA 42 | Hacking 143 0 points1 point2 points 1 day ago (0 children) For anyone curious, Muslims/the Islamic banking system have some very odd and interesting banking rules. https://en.wikipedia.org/wiki/Riba https://www.investopedia.com/terms/r/riba.asp permalink embed save parent report give award reply [–]xyzzy8 0 points1 point2 points 1 day ago (0 children) I don’t think cryptocurrency was around in 600-700 AD permalink embed save parent report give award reply [–]kanzie_blitzPlatinum | QC: CC 25 0 points1 point2 points 1 day ago (0 children) It’s halal! permalink embed save parent report give award reply [–]ArcosimSilver | QC: CC 51 | VET 22 | Technology 39 0 points1 point2 points 1 day ago (0 children) That didn't stop other religions from doing it in the past, they usually delegate the task itself to "heathens". permalink embed save parent report give award reply [–]correkt-horse 0 points1 point2 points 21 hours ago (0 children) Well, I guess the ruling royal family of Dubai is proving that even religious beliefs can adapt to the ever-evolving world of cryptocurrencies. permalink embed save parent report give award reply [–]OffenseTaker 0 points1 point2 points 14 hours ago (0 children) staking is haram permalink embed save parent report give award reply [–]ChemicalAnybody6229 15 points16 points17 points 1 day ago (6 children) Christian coin Loading....... 10 billion circulating suply permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 9 points10 points11 points 1 day ago (2 children) $JEW has entered the chat permalink embed save parent report give award reply [–]TrifBoiBronze 0 points1 point2 points 1 day ago (0 children) $TAO knocks on door permalink embed save parent report give award reply [–]Legal-Bid2695 2 points3 points4 points 1 day ago (0 children) The crusaders permalink embed save parent report give award reply [–]Biff-1985-Tannen 1 point2 points3 points 1 day ago (0 children) Does it purchase children to rape or something? permalink embed save parent report give award reply [–]Easy-Medicine-8610Tin 1 point2 points3 points 1 day ago (0 children) The $Atheist coin community denies your existence on the chain permalink embed save parent report give award reply [–]eat-sleep-rave 14 points15 points16 points 1 day ago (5 children) I think Quran is against lending money for profit. It says nothing about releasing a coin permalink embed save report give award reply [–]Legal-Bid2695 4 points5 points6 points 1 day ago (1 child) Thats why it is 0% tax permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1 point2 points 1 day ago (0 children) They should have used Banano instead permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 0 points1 point2 points 1 day ago (0 children) It says nothing about releasing a coin "It's OK bro, we changed the word, so it's all good now!" permalink embed save parent report give award reply [–]MagicPlumberLow Crypto Activity 0 points1 point2 points 1 day ago (0 children) They found the loophole. permalink embed save parent report give award reply [–]Kindly-Wolf6919 13 points14 points15 points 1 day ago* (1 child) How bout no. This definitely won't end well so I hope whoever falls for this likes giving away their money. permalink embed save report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 0 points1 point2 points 1 day ago (0 children) This definitely won't end well so I hope whoever falls for this likes giving away their money. We can paste this comment against 99.9% of tokens. permalink embed save parent report give award reply [–]socialpetroll 5 points6 points7 points 1 day ago (1 child) I'm a degenerate. I'm not missing it. This token is gonna BLOW UP TO THE MOON permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (0 children) wait out the initial dump before going full degen permalink embed save parent report give award reply [–]jooro_aTin 15 points16 points17 points 1 day ago (28 children) The holy crypto war is coming, we are waiting for the Vatican coin for the crusades permalink embed save report give award reply [–]TZinTheKeys 4 points5 points6 points 1 day ago (1 child) Time for the Vaticoin ! permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 1 day ago (0 children) This name is so good I would buy the Vaticoin domain just to sit on it and sell it to the Pope when he decides to launch a coin. My plans wouldnt work if he launched $PopeCoin instead though. permalink embed save parent report give award reply [–]holykaminaPlatinum | QC: CC 90 | r/Pers.Fin.Cnd. 28 4 points5 points6 points 1 day ago (2 children) Wait until someone in Sweden burns the coin outside some embassy.. Holy crypto war permalink embed save parent report give award reply [–]jooro_aTin 2 points3 points4 points 1 day ago (1 child) But the burning is good for the price... permalink embed save parent report give award reply [–]holykaminaPlatinum | QC: CC 90 | r/Pers.Fin.Cnd. 28 2 points3 points4 points 1 day ago (0 children) Lmao, touche permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 6 points7 points8 points 1 day ago (11 children) You get a free altar boy if you run a node. permalink embed save parent report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 4 points5 points6 points 1 day ago (2 children) Brings a whole new meaning to “alt” coins. permalink embed save parent report give award reply [–]deathbyfish13Free Range Moon Farmer 1 point2 points3 points 1 day ago (1 child) Are we in "alter coin" season yet? permalink embed save parent report give award reply [–]holykaminaPlatinum | QC: CC 90 | r/Pers.Fin.Cnd. 28 -1 points0 points1 point 1 day ago (0 children) Bullish on AlterCoin permalink embed save parent report give award reply [–]Hawke64Platinum | QC: CC 199 2 points3 points4 points 1 day ago (0 children) FBI this comment right here permalink embed save parent report give award reply [–]Josefumi12 4 points5 points6 points 1 day ago (1 child) Time to run three nodes permalink embed save parent report give award reply [–]yesweyolo 1 point2 points3 points 1 day ago (0 children) r/dafuq permalink embed save parent report give award reply [–]damittydam 1 point2 points3 points 1 day ago (0 children) How do i run a node, asking for a friend... permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 1 point2 points3 points 1 day ago (0 children) You get a free altar boy if you run a node "No, you can't stake your altar boy" permalink embed save parent report give award reply [–]Legal-Bid2695 2 points3 points4 points 1 day ago (0 children) Im dead ☠️ permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 -1 points0 points1 point 1 day ago (1 child) Staking rewards include a creepy priest and candles permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 0 points1 point2 points 1 day ago (0 children) Maybe the doll to show where the priest touched him is already included. permalink embed save parent report give award reply [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 1 point2 points3 points 1 day ago (0 children) I lol'ed so hard permalink embed save parent report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 2 points3 points4 points 1 day ago (0 children) Would be a hard coin to track though. Every time something goes wrong they’ll just move it to another parish wallet. permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 -1 points0 points1 point 1 day ago (3 children) $JESUS is on its way permalink embed save parent report give award reply [–]damittydam 2 points3 points4 points 1 day ago (1 child) $CROSS & $NAIL loading permalink embed save parent report give award reply [–]yesweyolo 0 points1 point2 points 1 day ago (0 children) How bout $SOLJESUS? (I think that's what it's called.) Is he coming too? permalink embed save parent report give award reply [–]DeeperBagsPlatinum | QC: CC 29 -1 points0 points1 point 1 day ago (0 children) permalink embed save parent report give award reply [–]Elgato_TJTin | CC critic 0 points1 point2 points 1 day ago (0 children) Or hear me out with $SATAN permalink embed save parent report give award reply [–]manbeardawgTin | Politics 28 0 points1 point2 points 1 day ago (1 child) No one expects the Spanish In-coin-sition. permalink embed save parent report give award reply [–]JuggaliciousMemes 0 points1 point2 points 1 day ago (0 children) 👌that was fire👌 best comment i’ve read all day permalink embed save parent report give award reply [–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 0 points1 point2 points 1 day ago* (0 children) As prophesized by Megadeth: Brother will scam brother Stealing coins across the chain Scamming for religion Something I don't understand permalink embed save parent report give award reply [–]HKEnthusiast 4 points5 points6 points 1 day ago (2 children) Meh. I'll buy $100 and see what happens permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 4 points5 points6 points 1 day ago (1 child) Initial dump is pretty much programmed with 50% supply going to initial investors permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1 point2 points 1 day ago (0 children) Sweet exit liquidity permalink embed save parent report give award reply [–]Itsjuleso 9 points10 points11 points 1 day ago (1 child) waiting to see certified halal crypto permalink embed save report give award reply [–]Particular_Put5007Tin | 3 months old 0 points1 point2 points 1 day ago (0 children) If it benefits them, they’ll find way to certify it. permalink embed save parent report give award reply [–]chukelemonTin 7 points8 points9 points 1 day ago (2 children) A religion based coin is blasphemy. permalink embed save report give award reply [–]JuggaliciousMemes 4 points5 points6 points 1 day ago (0 children) theres so much blasphemy in this comment section😩 permalink embed save parent report give award reply [–]ArcosimSilver | QC: CC 51 | VET 22 | Technology 39 -1 points0 points1 point 1 day ago (0 children) In America we literally have religious messages printed on our money. permalink embed save parent report give award reply [–]AnonymousOldGuy 5 points6 points7 points 1 day ago (9 children) Are you automatically placed on a TSA watchlist when you buy? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 6 points7 points8 points 1 day ago (4 children) depends how long your beard is and if you wear shoes, they got major beef with shoes permalink embed save parent report give award reply [–]tasfarell 5 points6 points7 points 1 day ago (3 children) yes or no - birds being real? permalink embed save parent report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (0 children) Obviously government drones permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 1 point2 points3 points 1 day ago (0 children) You need to make sure a bird didn't see you type this. permalink embed save parent report give award reply [–]AnonymousOldGuy 0 points1 point2 points 1 day ago (0 children) Yes, if by real you mean sophisticated, biological spy drones permalink embed save parent report give award reply [–]GrapeRaisinTin 1 point2 points3 points 1 day ago (0 children) 😂 permalink embed save parent report give award reply [–]dontknowtooBronze | GMEJungle 31 | GME subs 60 1 point2 points3 points 1 day ago (0 children) made me lol permalink embed save parent report give award reply [–]ohmygodbeats7Platinum | QC: CC 571, DOGE 231 | LRC 6 | WeedStocks 82 0 points1 point2 points 1 day ago (1 child) Pretty racist permalink embed save parent report give award reply [–]AnonymousOldGuy 0 points1 point2 points 1 day ago (0 children) It was a joke, and last I checked, Islam is a religion. permalink embed save parent report give award reply [–]Josefumi12 5 points6 points7 points 1 day ago (4 children) Bullish on $Halal permalink embed save report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 4 points5 points6 points 1 day ago (1 child) Will it operate on $haria network? permalink embed save parent report give award reply [–]Odd-Radio-8500Tin | 2 months old 1 point2 points3 points 1 day ago* (0 children) On whatever network it operates when ruling Royal family, put their money in it then you know its hard to keep it, Haram. But Sharia law permits investment in digital currencies. permalink embed save parent report give award reply [–]Particular_Put5007Tin | 3 months old 2 points3 points4 points 1 day ago (0 children) Any crypto lost will be the sacrifice so others can benefit permalink embed save parent report give award reply [–]Odd-Radio-8500Tin | 2 months old 0 points1 point2 points 1 day ago (0 children) Bullish on $ISLM permalink embed save parent report give award reply [–]Mammon84Tin | NEO 12 2 points3 points4 points 1 day ago (2 children) How did people get the airdrop? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (1 child) by downloading their wallet & doing some tasks, idk what they were. They haven't gotten the airdrop, the snapshot for airdrop has been taken, they'll get the drop when token is launched. permalink embed save parent report give award reply [–]Mammon84Tin | NEO 12 0 points1 point2 points 1 day ago (0 children) Thanks for the info permalink embed save parent report give award reply [–]tomasbabr 2 points3 points4 points 1 day ago (0 children) I do remember some controversy around investing in cryptocurrency and the religion a decent while back, this was kinda unexpected to say the least. permalink embed save report give award reply [–]CptBombastic 2 points3 points4 points 12 hours ago (0 children) Bullish on Halal coin! permalink embed save report give award reply [–]deckartcain 9 points10 points11 points 1 day ago (11 children) As a Muslim, this is a big no for me. permalink embed save report give award reply [–]goldyluckinblokchainBronze | QC: CC 15 3 points4 points5 points 1 day ago (5 children) Should most crypto be a no for you then as its speculation and is not halal? Genuine question btw cause my understanding was speculating in this manner is not halal. permalink embed save parent report give award reply [–]deckartcain 2 points3 points4 points 1 day ago* (4 children) As of 2023, there's a 50/50 divy as to it being halal or not. Just a few years ago, scholars were almost all against it, but most due to it not having enough of a track record to show for it. permalink embed save parent report give award reply [–]TheJobinslegendTin 3 points4 points5 points 1 day ago (3 children) Pretty sure the Quran advices against gambling and intoxicants, but not straight up ban them, differently than other things/actions the Quran says they're specific Haram. For example, for Gold and Silk “Gold and silk have been permitted for the females of my ummah and forbidden for the males.” I haven't read the entire Quran yet (I'm reading all the "main religion" books for research, curiosity and get some knowledge), so there might be a later passage that says those things are banned. Maybe it's a translation issue from where I'm reading, but advising strictly against all it's different than saying they're not permitted. permalink embed save parent report give award reply [–]deckartcain 0 points1 point2 points 1 day ago* (1 child) Investments are really not considered gambling, but there’s ample warning against risky financial decisions. What you might be referring to is maysir which is speculation or gambling. My take on that is that there’s neither in BTC investment, and I’ve studied up on the decisions made by the scholars who voiced their opinion on it. When it comes to Islam, we don’t just guide our lives according to the Quran, but also according to the Sunnah; the teachings of the prophet. A lot of Islamic countries are also ebmracing it. A good indicator of it starting to become a legitimate currency. The defacto authorities on finance according to most Islamic opinions are the central banks. In the Islamic world they operate under the Shariah, meaning that they’re under guidance from top Islamic scholars, to ensure that they stay true to Islamic teachings in their business models. There’s also different schools of jurisprudence, meaning that there’s different interpretations and rulings on various subjects. So in Dubai you’ll find Hanafis, Malikis and Shafi’is, whereas in Saudi Arabia you’ll find almost exclusively Hanbali jurisprudence. Some examples of rulings on the permissability of Bitcoin: Sharia Review Bureau in Bahrain Scholars from the Sharia Review Bureau in Bahrain said in 2018 that investments in cryptocurrencies such as ether (ETH) and bitcoin are permitted under Sharia law and, therefore, halal. Mufti Taqi Usmani Mufti Taqi Usmani has a different perception, arguing that Bitcoin and other cryptocurrencies are haram because they are used in speculative investments and illegal transactions. Moreover, he says a currency is generally supposed to be a medium of exchange under Sharia law. When it is used to generate profits, it becomes haram. Therefore, in the words of Usmani, Muslims are not allowed to accept crypto as currencies. The Shariah Committee Chairman of HSBC Amanah Malaysia Bhd, Dr. Ziyaad Mahomed According to Dr. Ziyaad Mahomed, the Sharia law doesn’t require currencies to have intrinsic value. Instead, society should agree that a currency is valuable and acceptable in day-to-day transactions. Judging by this view, this could mean the Islam community could consider bitcoin halal if there was a social consensus to use it as a currency. Mufti Muhammad Abu-Bakar Sharia advisor Mufti Muhammad Abu-Bakar’s crypto interpretation may have triggered a significant increase in BTC and ETH investment within the Muslim community in 2018. He argued that all currencies have a speculative element, which means bitcoin’s speculative nature doesn’t necessarily make it haram, as every other currency can also be considered to be speculative in nature. Therefore, in his opinion, bitcoin is halal. Shaykh Shawki Allam The Egyptian Grand Mufti Shaykh Shawki Allam believes digital assets are haram since they have not earned enough credibility as currencies. His reasoning is similar to other Middle East Sharia scholars, who view crypto as high-risk assets. “In my opinion, the trading of cryptocurrency is haram. This is because it is not approved by legitimate bodies as an acceptable medium of exchange. Such currencies are used in contraband trading and money laundering,” he said. Asrorun Niam Sholeh Asrorun Niam Sholeh is the head of religious decrees for Indonesia’s council of Islamic scholars. In his opinion, crypto trading is illegal because digital assets “have elements of uncertainty, wagering, and harm.” Anas Amatayakul Anas Amatayakul, a scholar that has led the committee directing the Islamic Bank of Thailand in Sharia, has an interesting take. His fatwa (legal ruling) on crypto is that people should avoid it, but only for now. Amatayakul says he’s pro-technological change but admits the crypto space is so fast-moving that Muslims should avoid it for now to protect their wealth. Fiqh Council of North America The unanimous fatwa from North America’s Fiqh Council is that Bitcoin is halal under Sharia law. The Sharia Advisory Council Branch of the Security Commission in Malaysia This council’s view is similar to the position the Fiqh Council of North America has taken. The members of this council reckon that crypto trading and investment are permitted under Sharia law. That's just a few I found online quickly. As you can tell, there's a widespread opinion on the matter. So perhaps the madhab in Dubai ruled Bitcoin as impermissable, but they're still embracing blockchain technology to the point of making their own blockchain just a few years after it starting to become a trend in most Middle Eastern countries. I personally do not live in an Islamic country, so I'm a bit wandering when it comes to which rulings to follow. In my research on the rulings that declare it haram, it generally has a lot of faulty understanding of the concept of PoW, BTC and blockchain technology. However going all-in on an altcoin hoping for 100x, or something akin to that, is definitely forbidden. permalink embed save parent report give award reply [–]Z3LS3Bitcoin 0 points1 point2 points 9 hours ago (0 children) I think it has to do with profiting from lending money but I’m no religious scholar I might be confused permalink embed save parent report give award reply [+][deleted] 1 day ago (4 children) [deleted] [+][deleted] 1 day ago (3 children) [deleted] [+][deleted] 1 day ago (2 children) [deleted] [–]rootplMoonwalker -1 points0 points1 point 1 day ago (1 child) Mmm... meat-balls. permalink embed save report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 -1 points0 points1 point 1 day ago (0 children) Is there an IKEA in the desert? permalink embed save parent report give award reply [–]Silver-dutch 1 point2 points3 points 1 day ago (0 children) The red flags gives me rug pull vibes permalink embed save report give award reply [–]dont_drink_and_2FABronze | QC: CC 23 | NANO 204 1 point2 points3 points 1 day ago (2 children) This is definitely about control, exactly the other way what crypto was once supposed to be. The argument about it being the royal family wanting to extend their pockets is probably true BUT look at what kind of shit investment they do with investments, from Burj Khalifa without plumbing to the world islands and what not. They arent THAT savvy imo. But Dubai being a tax heaven for crypto is another good argument and I think we will see some good products coming from UAE. This one, well not so much permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (1 child) Yeah, I also think it's more about control than deepening their pockets, they're probably gonna intrench it within the banking & payments sector so much that buying goods with any other payment option will become a slight inconvenience for the citizens permalink embed save parent report give award reply [–]dont_drink_and_2FABronze | QC: CC 23 | NANO 204 0 points1 point2 points 1 day ago (0 children) probably china style social credit with cbdcs or some shit "that one is a good muslim, that one not so much" all done by reactionary old men. can. absolutely. not. go. tits. up. permalink embed save parent report give award reply [–]terra993 1 point2 points3 points 1 day ago (0 children) Halal coin permalink embed save report give award reply [–]Checkofant 1 point2 points3 points 1 day ago (0 children) This makes it seem that they just wanna excite the investors & only care about making gains. Sounds a lot like all the other altcoins ^^ permalink embed save report give award reply [–]Creative_Ad7831 1 point2 points3 points 1 day ago (2 children) Some muslim thinks that crypto is similiar to gamble. Bit surprised that royal arabian family decided to get his hand in to crypto permalink embed save report give award reply [–]PiedDansLePlatPlatinum | QC: CC 58 | ADA 8 | Superstonk 16 -1 points0 points1 point 19 hours ago (0 children) like the mormons rulling las vegas, here they only cares about money, we know their morals is the worst on this planet (sexism, racism, homophobia, ...) permalink embed save parent report give award reply [–]Arbitrage650 1 point2 points3 points 1 day ago (0 children) the demand for oil and their supply will inevitably dry up (at least at some point), smart of them to continuing to diversify permalink embed save report give award reply [–]Just_Some_DummyTin | 4 months old | DayTrading 16 | TraderSubs 17 1 point2 points3 points 1 day ago (0 children) They're going to crash that shit on purpose. permalink embed save report give award reply [–]Easy-Medicine-8610Tin 1 point2 points3 points 1 day ago (0 children) Is a royal rug pull different than a generic rug pull? I'm just curious is there is more prestige in being royally rugged. permalink embed save report give award reply [–]ParadoxSebxTin 5 points6 points7 points 1 day ago (2 children) Ticking time bomb permalink embed save report give award reply [–]AnonymousOldGuy 0 points1 point2 points 1 day ago (0 children) Underrated comment permalink embed save parent report give award reply [–]Legal-Bid2695 -4 points-3 points-2 points 1 day ago (0 children) Came here for this permalink embed save parent report give award reply [–]ohmygodbeats7Platinum | QC: CC 571, DOGE 231 | LRC 6 | WeedStocks 82 2 points3 points4 points 1 day ago (0 children) This thread is full of a bunch of unfunny, insensitive jokes. permalink embed save report give award reply [–]Geolinear 0 points1 point2 points 1 day ago (0 children) Is SalamiCoin going to flip BTC? permalink embed save report give award reply [–]Florian995Tin 0 points1 point2 points 1 day ago (13 children) There are way more red flags than green flags and if a coin is called islamic coin I already know how it will end permalink embed save report give award reply [–]LePanzerIn Satoshi we trust 2 points3 points4 points 1 day ago (8 children) It will bomb. permalink embed save parent report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 2 points3 points4 points 1 day ago (1 child) You never know, maybe it'll take off and...uhm... nevermind permalink embed save parent report give award reply [–]goldyluckinblokchainBronze | QC: CC 15 1 point2 points3 points 1 day ago (2 children) Bit much that mate leave that kinda joke for the comedians lol permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust -5 points-4 points-3 points 1 day ago (1 child) If this project sounded less sketchy I could have written it will explode! Maybe becoming a comedian is my true destiny! permalink embed save parent report give award reply [–]goldyluckinblokchainBronze | QC: CC 15 0 points1 point2 points 1 day ago (0 children) Dayuuuum permalink embed save parent report give award reply [–]Killertimme 0 points1 point2 points 1 day ago (2 children) faster than a truck permalink embed save parent report give award reply [+][deleted] 1 day ago (1 child) [deleted] [–]Odysseus_Lannister -1 points0 points1 point 1 day ago (0 children) I’m partial to $QURAN permalink embed save report give award reply [–]Feeling_Ad_411Silver | QC: CC 127 | GMEJungle 24 | Superstonk 664 0 points1 point2 points 1 day ago (2 children) I was looking for the comedy flair, but nope permalink embed save parent report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (1 child) I thought it was a meme, then I decided to look it up permalink embed save parent report give award reply [–]Feeling_Ad_411Silver | QC: CC 127 | GMEJungle 24 | Superstonk 664 0 points1 point2 points 1 day ago (0 children) Crazy that’s a real concept lol permalink embed save parent report give award reply [–]Legal-Bid2695 0 points1 point2 points 1 day ago (0 children) I thought this was haram in Islam permalink embed save parent report give award reply [–]lookwhatumademedoo 0 points1 point2 points 1 day ago (1 child) Unsubstantiated promises, scam tactics, centralization, religion mixed in. This is gross. permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (0 children) yeah, more red flags than green as I stated permalink embed save parent report give award reply [–]ll_TheBrave_ll 0 points1 point2 points 1 day ago (2 children) Religion and money. What could go wrong? /s permalink embed save report give award reply [–]dont_drink_and_2FABronze | QC: CC 23 | NANO 204 2 points3 points4 points 1 day ago (0 children) as much as in alcohol and guns? permalink embed save parent report give award reply [–]Particular_Put5007Tin | 3 months old 1 point2 points3 points 1 day ago (0 children) Actually I won’t be shocked if this combination can make some people a lot of money. permalink embed save parent report give award reply [–]tambaybtc 0 points1 point2 points 1 day ago (2 children) Crypto has: No religion permalink embed save report give award reply [–]shockfella 0 points1 point2 points 1 day ago (0 children) If it has no religion it also has all religions permalink embed save parent report give award reply [–]Bitter_Storage_2918 0 points1 point2 points 1 day ago (0 children) I agree Crypto is a religion permalink embed save parent report give award reply [–]CryptoTechLyfe 0 points1 point2 points 1 day ago (1 child) The amount of unbridled bigotry from users in these comments in wild. permalink embed save report give award reply [–]JuggaliciousMemes 1 point2 points3 points 1 day ago (0 children) blasphemy and bigotry, this comment section is wild as hell permalink embed save parent report give award reply [–]obsessedgleaner194 -1 points0 points1 point 1 day ago (0 children) I guess it's haram for women's permalink embed save report give award reply [–]BamesStronkNondTin -1 points0 points1 point 1 day ago (0 children) Guessing women won’t be allowed to buy it then? permalink embed save report give award reply [–]purplevoiletduckTin -1 points0 points1 point 1 day ago (0 children) Your post is “haram” /s permalink embed save report give award reply [–]National_Range6369 -2 points-1 points0 points 1 day ago (0 children) It's gonna bomb (aka rugpull). permalink embed save report give award reply [+][deleted] 1 day ago (2 children) [deleted] [–]Killertimme 0 points1 point2 points 1 day ago (0 children) Right next to the page where it says to respect women. permalink embed save report give award reply [–]Legal-Bid2695 -2 points-1 points0 points 1 day ago (0 children) Alhamdulillah coin permalink embed save report give award reply [+][deleted] 1 day ago (1 child) [deleted] [–]Legal-Bid2695 0 points1 point2 points 1 day ago (0 children) It will be chaos permalink embed save report give award reply [–]k3surfacermy coin is better than your coin -1 points0 points1 point 1 day ago (1 child) Islamic coin The holly shitcoin. No burning mechanism. Peace. :)) Edit: In a second thought, maybe we can ask Swedish people to buy the coin and burn it. Would be a "freedom of pump" campaign. permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (0 children) I think the meeting with devs went pretty much like this: Dev: So I'm thinking the supply should be 1 billion or less.... King: 1 billion, what is this peasant shit, go and print 100 billion Dev: What about burning.... King: You want to burn my token & commit haraam permalink embed save parent report give award reply [–]Man-Tax -2 points-1 points0 points 1 day ago (0 children) They should name it Allah. permalink embed save report give award reply [–]Ztriever_ 0 points1 point2 points 1 day ago (0 children) Rich people think everything is a good idea. permalink embed save report give award reply [–]Sorandy13 0 points1 point2 points 1 day ago (0 children) No interest permalink embed save report give award reply [–]NotAnAlcoholicTodayPlatinum | QC: CC 93, XTZ 32 0 points1 point2 points 1 day ago (0 children) Just the title was enough of a red flag for me to know i won't touch it with a 10km pole 😬 permalink embed save report give award reply [–]moonkingdome 0 points1 point2 points 1 day ago (0 children) Its a great step.. Way better then a cbdc. permalink embed save report give award reply [–]pwntipatience the key is 0 points1 point2 points 1 day ago (0 children) They better invest in BTC permalink embed save report give award reply [–]StonedRexPlatinum | QC: CC 181 0 points1 point2 points 1 day ago (0 children) Sounds sketchy to me, to say at least. I don't like someone with that much power to be behind it, in the end all of they want is more power. permalink embed save report give award reply [–]NuewimPlatinum | QC: CC 613, ETH 31 | TraderSubs 31 0 points1 point2 points 1 day ago (0 children) I don't think we need to give more money to bunch of billionaires. Additionaly if that coin would be released by non muslims everyone would protest cause it is against Islam to lend money for profit and much more. Whole idea of this coin sound as parody of faith. I don't think if even with it being created by royal family of Dubai any true muslims will buy it at all. Mostly bunch of american kids that will want to make profit on it. permalink embed save report give award reply [–]Redditceodork 0 points1 point2 points 1 day ago (0 children) Kosher crypto who'd have ever imagined permalink embed save report give award reply [–]Suprcow_oneTin 0 points1 point2 points 1 day ago (2 children) "If 3-4% of the Muslim online community will hold Islamic Coin, it will become a bitcoin-scale crypto asset, generating a trillion dollars for its holders, and $100 billion for the Evergreen DAO". that does not sound very haram, nor Islam to me? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (0 children) Yeah, and that line is straight up in the white paper permalink embed save parent report give award reply [–]SeisouhenPlatinum | QC: CC 57, BTC 52 0 points1 point2 points 1 day ago (0 children) haram halal permalink embed save parent report give award reply [–]Dull-Wear-3286 0 points1 point2 points 1 day ago (0 children) Oil money entering crypto will be bullish. permalink embed save report give award reply [–]LePanzerIn Satoshi we trust 0 points1 point2 points 1 day ago (0 children) Scammers will scam: "Send me your foreskin and I'll double your coins!" permalink embed save report give award reply [–]HansonWKPlatinum | QC: CC 79 | PennyStocks 36 0 points1 point2 points 1 day ago (0 children) It's literally against their religion lmfao. They've been saying for the last 10 years to not buy crypto. permalink embed save report give award reply [–]OfulinacPlatinum | QC: CC 32 0 points1 point2 points 1 day ago (0 children) The Middle East at this point is just trying to outdo the West in everything. They already made some points with the World Cup in Qatar and with the Saudi League amassing an insane number of European stars in just one transfer window. Gonna follow it all but not too interested in investing in it. permalink embed save report give award reply [–]BusinessBreakfast3Platinum | QC: BTC 28, CC 22 | CRO 5 0 points1 point2 points 1 day ago (1 child) What was the airdrop eligibility? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (0 children) something to do with downloading their wallet & doing a bunch of tasks, idk much about it, I found out about this coin today. permalink embed save parent report give award reply [–]ShinAlastor 0 points1 point2 points 1 day ago (0 children) This is haram. permalink embed save report give award reply [–]ErmingardiaPlatinum | QC: CC 540 | Unpop.Opin. 50 0 points1 point2 points 1 day ago (0 children) The red flags outweigh the green flags in my opinion. permalink embed save report give award reply [–]EEGECGEMG 0 points1 point2 points 1 day ago (0 children) a lot of conversions to ISLAM hhhhhhh permalink embed save report give award reply [–]TheRedditPhone 0 points1 point2 points 1 day ago (0 children) This sounds..scary.. Very little of any of the middle eastern royal families is good. Except for themselves ofc. permalink embed save report give award reply [–]DankOceanTin 0 points1 point2 points 1 day ago (0 children) This is sketchy AF. It’s against Islam to collect interest on loans. They really have to stick the landing on all of these mental gymnastics in order to believe it’s Haram. permalink embed save report give award reply [–]mbouhda 0 points1 point2 points 1 day ago (0 children) Dubai's ruling royal family entering the crypto space with Islamic coin is like a wealthy kid setting up a lemonade stand and claiming it's a world-changing business. I'll watch this crypto soap opera from a safe distance. permalink embed save report give award reply [–]No-Setting9690Bronze 0 points1 point2 points 1 day ago (0 children) I will not support this token for various reasons. permalink embed save report give award reply [–]OnelinersandbluesPlatinum | QC: ETH 120 | TraderSubs 120 0 points1 point2 points 1 day ago (0 children) Oh good god fuck these people. permalink embed save report give award reply [–]HereticLaserHaggis 0 points1 point2 points 1 day ago (0 children) How's the airdrop been calculated? permalink embed save report give award reply [–]Dazzling_Marzipan474Platinum | QC: CC 26 | ADA 6 | ExchSubs 14 0 points1 point2 points 1 day ago (0 children) How the rich get richer permalink embed save report give award reply [–]Roundaboutright 0 points1 point2 points 1 day ago (0 children) Sounds scamish permalink embed save report give award reply [–]damittydam 0 points1 point2 points 1 day ago (0 children) I reckon other rich muslim countries are gonna wanna compete & come up with their own, then there's gonna be debates like which muslim coin is the most halal permalink embed save report give award reply [–]Small_everyPermabanned 0 points1 point2 points 1 day ago (0 children) Ah, yes, the royal family's "Islamic coin" with grand promises of empowering Islam followers and becoming a trillion-dollar asset. Who needs a sensible token supply when you can flood the market every two years with billions of coins? And let's not forget the "Shariah" oracle, where a chosen few decide what's halal on the blockchain. Total decentralization, right? Oh, and the royal family controlling it all is just so trustworthy. It's undoubtedly a selfless endeavor and not a way to fill their pockets further. #PureSarcasm permalink embed save report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 1 day ago (0 children) Islamic Coin sounds very un-Islamic, right? permalink embed save report give award reply [–]chocolateboomslangPlatinum | QC: CC 73 | CRO 5 | Investing 41 0 points1 point2 points 1 day ago (0 children) This rugpull is going to be insane permalink embed save report give award reply [–]theycallmekimpembeTin | 5 months old 0 points1 point2 points 1 day ago (0 children) The Allahu Akbar coin permalink embed save report give award reply [–]TrifBoiBronze 0 points1 point2 points 1 day ago (0 children) Islamic coin sound like just the next scam lol permalink embed save report give award reply [–]FlangepacketSilver | QC: CC 274, BTC 32, ETH 28 | r/SSB 42 | TraderSubs 21 0 points1 point2 points 1 day ago (1 child) Ffs - where do I buy? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (0 children) It's gonna launch on 1st september permalink embed save parent report give award reply [–]ThrowawayHoper 0 points1 point2 points 1 day ago (0 children) How tf are they going to get around the Islamic rules against interest? If there’s any staking involved I’m not sure how it’s not haram permalink embed save report give award reply [–]SjiznitSilver | QC: CC 465 | GMEJungle 29 | Superstonk 212 0 points1 point2 points 1 day ago (0 children) Do we have a Jezuscoin yet? Could be a hit permalink embed save report give award reply [–]knobblyer 0 points1 point2 points 1 day ago (0 children) $HARAM permalink embed save report give award reply [–]ThrowawayHoper 0 points1 point2 points 1 day ago (0 children) For those asking ‘surely this is haram??’, probably not Shariah law is against gaining interest, but not taking profits. In the sense that, an Islamic investment fund basically can only pay out dividends from the profits of the invested-in company. The companies also basically can’t be vices, warfare, pork or conventional finance. It’s not clear where crypto falls - an Egyptian Grand-Mufti issued a fatwa against BTC. Indonesia has banned it as against Sharia Law. Whereas an Arab researcher has proposed a ML model to determine if crypto is haram or halal. Based on that, BTC ETH and DOGE are halal, whereas SHIB and CAKE are Haram. So the CAKE is a lie. permalink embed save report give award reply [–]GrapeRaisinTin 0 points1 point2 points 1 day ago (0 children) Time to start that PastafarianCoin permalink embed save report give award reply [–]Soberdonkey69 0 points1 point2 points 1 day ago (0 children) Is this a grand scale pump and dump for the wealthy elitists? permalink embed save report give award reply [–]elysiansaurusPlatinum | QC: CC 20 | CAKE 6 | r/WSB 286 0 points1 point2 points 1 day ago (0 children) 100 billion supply? Wtf. I stay away from anything over 1 billion usually (sorry ALGO) permalink embed save report give award reply [–]madirishpoet 0 points1 point2 points 1 day ago (0 children) I'm gonna release communist coin with a 100% sell tax that I will distribute fairly and evenly * terms and conditions apply permalink embed save report give award reply [–]DolladubTin 0 points1 point2 points 1 day ago (0 children) Isn't gambling illegal for Muslims? permalink embed save report give award reply [–]JGCheemaTin 0 points1 point2 points 1 day ago (0 children) I m not even surprised with every rich person launching their own crypto permalink embed save report give award reply [–]Robo_0Gold | QC: CC 29 0 points1 point2 points 1 day ago (0 children) but thats haram permalink embed save report give award reply [–]Gamethesystem2 0 points1 point2 points 1 day ago (0 children) Dubai doesn’t have a mutual extradition treaty w the US. It’s why most big time criminals like living there. I wouldn’t touch anything this government had to offer. permalink embed save report give award reply [–]sucobeShill me, daddy. 0 points1 point2 points 1 day ago (0 children) TL;DR all in on religious coin phase. permalink embed save report give award reply [–]starhumanpanda[🍰] 0 points1 point2 points 1 day ago (0 children) Where is the catholic coin permalink embed save report give award reply [–]Scythro_Bronze | QC: CC 15 | GMEJungle 26 | Superstonk 207 0 points1 point2 points 1 day ago (0 children) Looking at the comments, why am I the only one here thinking that this is actually a pretty dope money making opportunity? I understand from a moral perspective why someone wouldn’t want to get involved, but since when do we invest based on morals? permalink embed save report give award reply [–]KingHiggins92 0 points1 point2 points 1 day ago (0 children) Honestly, I'm kinda thinking it's worth a punt. Agreed they'll be an initial dumparoo but I'm going to watch this one. permalink embed save report give award reply [–]forestman11 0 points1 point2 points 1 day ago (0 children) Dear God this is alarming permalink embed save report give award reply [–]harveytentTin 0 points1 point2 points 1 day ago (0 children) So will my Bored Yacht Muhammad’s nft line get approval? permalink embed save report give award reply [–]FGTRTDtradesTin 0 points1 point2 points 1 day ago (0 children) I can see them artificially pumping their coin just for the sake of it. permalink embed save report give award reply [–]x-thugTin 0 points1 point2 points 1 day ago (0 children) In allah we trust permalink embed save report give award reply [–]DarnegarTin 0 points1 point2 points 1 day ago (0 children) Lol couldnt they even try spending 5 minutes on a tad more original name? permalink embed save report give award reply [–]bears_or_bullsBronze 0 points1 point2 points 1 day ago (0 children) Only good if you get in mega early for the pump and dump. Otherwise avoid. permalink embed save report give award reply [–]bangand0 0 points1 point2 points 1 day ago (0 children) Have these coins been minted the halal way though? permalink embed save report give award reply [–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 0 points1 point2 points 1 day ago (0 children) They've done it. The madmen done it. The Halal coin. permalink embed save report give award reply [–]rahhumilovedogsTin 0 points1 point2 points 1 day ago (0 children) Lol. K bruh. Oil prince? permalink embed save report give award reply [–]girl-from-brRedditor for 6 months. 0 points1 point2 points 1 day ago (0 children) How can I know when it's launched? Asking for a degen friend. permalink embed save report give award reply [–]Redfoot87Tin 0 points1 point2 points 1 day ago (0 children) As a Muslim I'll give you $10 to fuck off. I really hate initial investors. Fuck off with that shit. They're gonna dump on everyone who comes in later. It's like a ponzi. permalink embed save report give award reply [–]Chesteel1 0 points1 point2 points 1 day ago (0 children) Well, this is interesting! Dubai's royal family getting into crypto? This Islamic coin could be a real game-changer, especially in terms of adoption in the Middle East. permalink embed save report give award reply [–]zdubs 0 points1 point2 points 1 day ago (0 children) Allah make it easy permalink embed save report give award reply [–]Mariahausfrau 0 points1 point2 points 1 day ago (0 children) Those famililies are above religion rules. They do as the like and others obey. Democracy isnt on their vocabulary. permalink embed save report give award reply [–]the_far_yardStack a Sat, Stash a Gwei, Bull or Bear, D-C-A. 0 points1 point2 points 1 day ago (0 children) The irony is that there's more sense on how Moons are running rather than this coin, and I'm a Muslim. permalink embed save report give award reply [–]omghag18 0 points1 point2 points 23 hours ago (0 children) Not hurt any religious sentiments but : They might do a rug pull in the name of God , saying it all belongs to God permalink embed save report give award reply [–]MajorLeons 0 points1 point2 points 23 hours ago (0 children) This is great new for the crypto community until US peaks in and will try to argue that this can be used to fund terrorists. permalink embed save report give award reply [–]TheRicFlairDripTin 0 points1 point2 points 23 hours ago (0 children) bullish! permalink embed save report give award reply [–]PiedDansLePlatPlatinum | QC: CC 58 | ADA 8 | Superstonk 16 0 points1 point2 points 20 hours ago (0 children) The first flying rug pull permalink embed save report give award reply [–]Independent_Level_77 0 points1 point2 points 17 hours ago (0 children) How could this be halal, can someone elobarate please? Isn't accumulating money is a big no in Islam? permalink embed save report give award reply [–]entilfeldigfyr69Tin | 0 months old 0 points1 point2 points 16 hours ago (0 children) I am not religious, but even I can see an obvious investment opportunity when I see one. Short term, this can be very lucrative if you get in early and get out before they rug. permalink embed save report give award reply

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Cryptocurrency: Druggie KnightMB Loses 370k BTC
by grarpamp 28 Jul '23

28 Jul '23

Old lore reissued... https://wallmine.com/people/36050/michael-w-brown https://coinfomania.com/this-user-once-owned-10-of-the-btc-supply/ This article discusses the story of Michael Mancil Brown, also known as KnightMB, who once owned over 370,000 BTC, equivalent to 10% of Bitcoin's total circulating supply. However, Brown eventually sold or donated his BTC holdings and got involved in a cryptocurrency project called Timekoin. He was later arrested for blackmailing Mitt Romney in exchange for Bitcoin and was convicted of wire fraud and extortion. Currently, there is no individual or institution holding such a large amount of BTC, with publicly-traded companies like MicroStrategy and Marathon Digital being the largest holders. The article highlights the significant increase in Bitcoin's price since KnightMB's ownership, with BTC currently trading at $29,100.

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ANARCHISTS UPSET SWISS TRAIN SCHEDULES
by professor rat 28 Jul '23

28 Jul '23

A large-scale meeting of international anarchists in Switzerland has disrupted the smooth running of the rail schedule by forcing the cancellation of several trains. From swissinfo.ch July 22, 2023 The sprawling five-day event involving thousands of anarchists has centered on the Swiss town of St Imier, but some participants have decided to camp too close for comfort to the railway tracks. At first, trains were ordered to cut their speed on Saturday morning. But the service between La-Chaux-de-Fonds and St Imier was later completely cut. A replacement bus service has been laid on, but the Watson news portal reports calls from some anarchists for up to CHF60,000 ($70,000) in compensation for the inconvenience. The Swiss authorities told Watson that a decision on the matter would have to wait until the anarchist event ends after the weekend. The anarchists’ gathering marks the 150th anniversary of the Congress of St-Imier which, in 1872, saw the foundation of the Anti-Authoritarian International movement. The event includes 268 lectures and workshops, 48 concerts, 42 screenings, 11 theatrical performances, seven exhibitions and a book fair, according to the association “150 Years Saint-Imier Congress”.

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The term " Tankie "
by professor rat 28 Jul '23

28 Jul '23

The term " Tankie " cannot be used in any weaselly way to distinguish so-called Stalinists. And that's because what's called Stalinism is simply ramped up Leninism. The only difference is scale. The term " Tankie " applies to every Bolshevik active in Russia from the German warmongers finance of Lenin’s train-ride on… And Zinoviev didn’t just talk about liquidating millions of Russian’s he helped enable the deaths of thousands in the Tambov region. “…Tuchachevsky also had chemical weapons, which Zinoviev had purchased in Halle while attending the German Communist " Splitting” congress in October 1920…" - P319 " The Russian Revolution - a new history " Where they use WW1 weapons of war - trains, poison-gas, etc - there they will use TANK’s. All Tankie’s are Marxist-LENINISTS. No more games.

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Cryptocurrency: Crypto Anarchism
by professor rat 28 Jul '23

28 Jul '23

Crypto economics is taking over cryptocurrency that itself took over from the fabled ' digital cash ' we talked up here for years ( Everyone a Swiss Bank! ) Privacy is lagging but enough lip service is paid it so we may also claim long-term victory is assured. We will have ubiquitous anonymity just as we will all enjoy the benefits of the globalized crypto-economics that are most assuredly coming soon. Not to run victory laps here so much as look forward to setting further goals for our collective effort. Learning how to be rich and powerful in our own right. Cryptoanarchist revolutionaries have the chance to build on a new global paradigm. We don't need business as usual transferred into a Matrix. We won't need suits and we won't need specialists so long as free speech is encrypted code and vice versa. My modest proposal is cryptoanarchist C-punks build a consensus ( conversation - narrative - etc ) over more ambitious goals moving forward. Such as a globalized UBI from below sans all direct govt and/or religious support, then linked by a consent or release form digitally signed stating that the recipient pleb agree to recognize they may be subject to APster justice. Nothing fancy - just kill off all the existing powers. Because when the ancien-regime is gone that's when you know you've had a great revolution. The death of all govts, all religions and all large corporations is our life. Welcome to the revolution.

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Cryptocurrency: Banks and Govts Put Their $150M Bailout Debt On Your Backs
by grarpamp 28 Jul '23

28 Jul '23

Meanwhile all you do is keep begging them to fuck you harder... When are you sheeple going to rise up and bankrupt them out of power by adopting and using crypto they can't touch... "The Creature from Jekyll Island" The real price of out-of-thin-air money: UK taxpayers faces £150bn bill to cover Bank of England’s QE losses https://www.ft.com/content/ee8e33ee-e16e-459b-af32-5709db6874de https://archive.is/Eeiju "The BoE is indemnified against losses on the QE programme under an agreement signed with the Treasury in 2009, intended to ensure that monetary policy is not constrained by the implications for the central bank’s balance sheet."

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Remembering Aileen O'Carroll
by pro2rat＠yahoo.com.au 27 Jul '23

27 Jul '23

The prince of search engines formerly known as Google appears to be going dark faster than we are - oh well . . . The recent memory holing of a communist commissar in red-fascist China reminded me of this gem from 1992. notes for a talk given to the Dublin branch, March 11th 1992 by Aileen O'Carroll https://struggle.ws/talks/cheka.html Ripostes not snortments. El pueblo unido will never be defeado.

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NYS Regulator Fined Deutsche Bank $150 Million Over Ties to Jeffrey Epstein but Says It Doesn’t Have a Scrap of Paper on JPMorgan and the Sex Trafficker
by Gunnar Larson 27 Jul '23

27 Jul '23

https://wallstreetonparade.com/2023/07/nys-regulator-fined-deutsche-bank-15… On July 5, Wall Street On Parade filed a Freedom of Information Law (FOIL) request with the New York State Department of Financial Services (DFS), the state agency that investigates and penalizes financial institutions for engaging in illicit activities. We were curious as to why the DFS had fined Deutsche Bank upwards of $150 million on July 7, 2020 for its illicit dealings with the sex trafficker of underage girls, Jeffrey Epstein, but had remained silent on any investigations or fines against JPMorgan Chase. Our curiosity was heightened by the fact that Deutsche Bank had only a 5-year banking relationship with Epstein, from 2013 to 2018, while JPMorgan Chase had a 15-year banking relationship with Epstein, from 1998 to 2013. When we examined the details in the consent order that the DFS had filed against Deutsche Bank, our curiosity was heightened further. According to the consent order, over the course of Deutsche Bank’s relationship with Epstein, more than $800,000 in cold hard cash was withdrawn from Epstein’s accounts. On Monday, in a filing in federal court in lower Manhattan, the Attorney General of the U.S. Virgin Islands revealed that “Between September 2003 and November 2013, or approximately ten years, JPMorgan handled more than $5 million in outgoing cash transactions for Epstein — ignoring its own policy discouraging large cash withdrawals….” Laundering $5 million in cash for a sex trafficking ring is 6.25 times that of laundering $800,000 for a sex trafficking ring, so we would have expected to see a fine by the NYS DFS of at least $937.5 million against JPMorgan Chase, especially given the fact that JPMorgan Chase is a recidivist criminal with five felony counts already brought against it by the U.S. Department of Justice and admitted to by the bank. The Attorney General of the U.S. Virgin Islands is suing JPMorgan Chase in federal court and demanding more than $190 million in monetary damages as well as injunctive relief – meaning that the bank has to change the way it conducts its business. The U.S. Virgin Islands’ lawsuit charges the following: “Plaintiff, the Government of the United States Virgin Islands (‘Government’), claims and will prove that Defendant JPMorgan Chase Bank, N.A. (‘JPMorgan’) violated the Trafficking Victims Protection Act, 18 U.S.C. §§ 1581-1597 (‘TVPA’), by knowingly participating in and benefitting from Jeffrey Epstein’s sex-trafficking and by obstructing investigation through its concealment of Epstein’s suspicious transactions from law enforcement. Discovery confirms that JPMorgan knowingly, recklessly, and unlawfully provided and pulled the levers through which Epstein’s recruiters and victims were paid and was indispensable to the operation and concealment of Epstein’s trafficking. JPMorgan had real-time information on Epstein’s payments that the Government did not and had specific legal duties to report this information to law enforcement authorities, which it intentionally decided not to do.” The federal court in Manhattan now has hundreds of internal emails, dozens of depositions, and thousands of documents backing up the claims being made by the U.S. Virgin Islands. The U.S. Virgin Islands is approximately 1,600 miles from JPMorgan Chase headquarters in Manhattan. The DFS headquarters in Manhattan is approximately 5.9 miles from the Park Avenue headquarters of JPMorgan Chase at the time Epstein was a client. The DFS main office at 1 State Street in Manhattan is approximately 7.2 miles from Epstein’s former mansion at 9 East 71st Street where school-age girls were being sex-trafficked, raped and sexually assaulted for years by Epstein and his rich pals, according to lawsuits filed and settled using funds wired out of both JPMorgan Chase and Deutsche Bank. With such proximity to the scene of the hideous crimes, why has the public heard nothing about any investigation or fines or injunctive relief being leveled against JPMorgan Chase by the New York State Department of Financial Services? Having filed our sunshine law records request on July 5, we waited anxiously for answers from the DFS. Yesterday, July 26, we received a one-page response from George Bogdan, Senior Attorney in the General Counsel’s Office for the DFS. We had asked for any documents that simultaneously included the phrases “JPMorgan” (or J.P. Morgan) and “Jeffrey Epstein” for the period of 01/01/2008 through 12/31/2019. Mr. Bogdan informed us that the DFS didn’t have so much as one scrap of a record responsive to our request; that it was closing our request; and it didn’t regulate or charter JPMorgan Chase Bank, N.A. But when we checked the DFS portal showing entities regulated by the DFS, we found eight separate subsidiaries of JPMorgan Chase that are regulated by the DFS. State attorneys general are empowered under the Trafficking Victims Protection Act, 18 U.S.C. §§ 1581-1597 (‘TVPA’) to bring cases against sex traffickers and those that aid them. Why hasn’t this been done by the New York State Attorney General? Why is it being left to the Attorney General of the U.S. Virgin Islands? More importantly, with the mountain of evidence against JPMorgan Chase that has been developed in the three separate Epstein-related lawsuits that have been filed in federal court in Manhattan, why hasn’t the U.S. Department of Justice brought criminal charges against the bank for money laundering? The DOJ brought two criminal felony counts against JPMorgan Chase in 2014 for laundering money for Bernie Madoff’s Ponzi scheme. Why the hesitation now? There is a growing feeling among investigative reporters and other engaged Americans that when it comes to JPMorgan Chase and its Chairman and CEO, Jamie Dimon, who has presided over this unprecedented, decade long crime spree at the bank, the DOJ and regulators are simply afraid to take on the 1,000-attorney law firms that the bank hires to battle its way out of its crimes and get cushy deals like non-prosecution agreements and deferred-prosecution agreements. Currently, in the three lawsuits against JPMorgan Chase related to Epstein in federal court (one by Epstein’s victims, one by the U.S. Virgin Islands, and one on behalf of shareholders), the bank has the 1,000-attorney law firm of WilmerHale representing the bank and the 1,000-attorney law firm of Paul Weiss representing its Board in the shareholder lawsuit. Bloomberg News, for its part, is running the equivalent of an infomercial for Jamie Dimon today (paywall). Its video, plastered on its digital front page, carries the headline: “Bankers Want to Work for Jamie Dimon.” Seriously? So they can be charged with racketeering or deposed in a sex trafficking case? The video informs us that: “Wall Street is crushing on Jamie Dimon more than ever…Some bankers, many of whom have only worked in a low rate, cheap money environment, are looking to Dimon as the Wall Street captain they most want to work for.” This is not the first time we have caught Bloomberg News shilling for Dimon. (See Bloomberg News Bashes Wells Fargo While Canonizing JPMorgan Chase’s CEO Jamie Dimon, Despite 3 Felony Counts at His Bank (written before the bank got another two felony counts) and The Craziest Video You’ll Ever Watch on JPMorgan’s Jamie Dimon. One might be forgiven for thinking that the fact that billionaire Michael Bloomberg, majority owner of the parent of Bloomberg News, whose billions of dollars in wealth derives significantly from the tens of thousands of data and trading terminals it leases to JPMorgan’s trading floors around the world, might be less than aggressive in reporting on the serial crimes at the bank with Dimon at the helm. All of this matters greatly to every American. JPMorgan Chase is the largest federally-insured bank in the United States. Its deposit-taking bank, Chase Bank, has 4,916 branch offices in 49 U.S. states plus another 198 branches on foreign soil. As of December 31, 2022, JPMorgan Chase held $2.43 trillion in deposits, of which only 40 percent were insured by the Federal Deposit Insurance Corporation. (The other 60 percent of deposits either exceeded the $250,000 per depositor/per bank cap on insurance or were deposits on foreign soil which are not insured by the FDIC.) To paraphrase Richard Nixon, Americans needs to know if the largest bank in their country is a serial crook, incapable of changing its ways. If Big Law is standing in the way of that, the 1,000-attorney law firms need to be broken up along with the Too-Big-to-Fail banks. If you agree, please call your U.S. Senators today and demand action.

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