Oman Invests Millions In Crypto Amid Questions of Whether It’s Sharia Compliant

The Sultanate of Oman is making significant investments in cryptocurrency mining operations as part of its strategy to become a digital hub in the region. The government has announced close to $800 million in investments, including a $300 million deal with the Phoenix Group to develop a cryptomining farm. These investments aim to accelerate the growth of Oman’s digital economy and come at a time when the broader region is warming up to cryptocurrency.

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Filed under: Bitcoin - @ August 27, 2023 8:13 pm