Turkey called Bitcoin ‘not suitable’ for muslims

Bitcoin and Ethereum are not allowed to welcome in Turkey
30 November 2017   1440

Turkish government decided that cryptocurrencies Including Bitcoin and Ethereum are not possible for muslims because the government can not to control them. This subject was called on a meeting of the state Directorate of Religious Affairs (Diyanet) on November, 24.

Buying and selling virtual currencies is not compatible with religion at this time because of the fact that their valuation is open to speculation. They can be easily used in illegal activities like money laundering, and they are not under the state’s audit and surveillance.


From the statement of Diyanet

Previously Turkey was a target of Bitcoin startups after the country banned PayPal. Also BTCTurk failed to find a banking partner after local institutions terminated its accounts without warning.

Morocco banned cryptocurrency too. But not all muslim countries consider with this statement. For example, United Arab Emirates are using cryptocurrencies transactions with India, Iran welcomes bitcoin. Others, including Nigeria, have not ban cryptocurrencies but are wary to them.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   885

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.