Palestinian Officials to Adopt "Bitcoin style" digital currency over the next 5 years.

in #crypto-news7 years ago

 In a move to  safeguard against Israeli interference Palestine Monetary Authority (PMA) chief Azzam Shawwa has pointed toward a ‘digital-only currency’ as a ‘bitcoin-style solution’ for the territory of Palestine.  
“If we print currency, to get it into the country, you would always  need clearance from the Israelis and that could be an obstacle,” Shawwa  told Reuters. “So that’s why we don’t want to go into it.” Notably, he added: 

That [a digital currency] is something we would like to see. It will be called a Palestinian pound.


Sources:
https://www.cryptocoinsnews.com/palestinian-govt-plans-launch-bitcoin-style-digital-currency-report
http://news.trust.org/item/20170512142441-r6xsq/

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