this post was submitted on 01 Jan 2025
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Syria proposes to legalize Bitcoin for economic recovery | Cryptopolitan (www.cryptopolitan.com)
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The original post: /r/cryptocurrency by /u/Shiratori-3 on 2025-01-01 11:40:00.

Syria’s transitional government is considering legalizing Bitcoin to rebuild its economy, stabilize its currency, and attract global investors after the Assad regime’s collapse.

The proposal includes digitizing the Syrian pound on blockchain, legalizing Bitcoin trading and mining, and allowing entrepreneurs to use energy resources for crypto operations.

Challenges include international sanctions, technical infrastructure gaps, and the debts left by the Assad regime, but Bitcoin could help Syria bypass traditional financial systems.

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