Islamic crypto moves to reassure investors as Silicon Valley Bank goes bust

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Crypto ventures such as Islamic Coin, backed by the Swiss-based non-profit Haqq Association, are making smart moves to reassure investors with grant and investment initiatives, as well as diversifying into new segments through tie-ups, as funds from several virtual currency firms remain trapped in the failed Silicon Valley Bank (SVB), raising new investor concerns about the sector.

The Shariah-compliant digital money venture will invest $40 million to launch a global ‘Grants and Investment’ programme for the Muslim community and beyond. The Shariah-compliant blockchain Haqq Network (HAQQ) has also announced an exclusive integration with Holiday Swap, the world’s largest home exchange platform that allows users to book, host, or swap homes.

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Islamic crypto moves to reassure investors as Silicon Valley Bank goes bust

Crypto ventures such as Islamic Coin, backed by the Swiss-based non-profit Haqq Association, are making smart moves to reassure investors with grant and investment initiatives, as well as diversifying into new segments through tie-ups, as funds from several virtual currency firms remain trapped in the failed Silicon Valley Bank (SVB), raising new investor concerns about the sector.

The Shariah-compliant digital money venture will invest $40 million to launch a global ‘Grants and Investment’ programme for the Muslim community and beyond. The Shariah-compliant blockchain Haqq Network (HAQQ) has also announced an exclusive integration with Holiday Swap, the world’s largest home exchange platform that allows users to book, host, or swap homes.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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