Syria proposes legalizing Bitcoin to boost economic recovery

PANews reported on January 1 that according to Cryptopolitan, the Syrian Economic Research Center proposed a plan to urge the transitional government to adopt Bitcoin and other digital assets to combat inflation, stabilize the economy, and attract global investment. The plan comes as the country faces huge reconstruction challenges after decades of war and financial disaster. The proposal focuses on Bitcoin as a lifeline for Syrian citizens and its crumbling financial system. It proposes the creation of a regulatory framework to legalize the use of Bitcoin for trading, mining and financial transactions.