Sanctions Ended

     The suspension of US sanctions on Syria has been announced. Following this decision, Syria will no longer be classified as a “restricted country”. This will have a direct impact on the cryptocurrency market with centralized crypto platforms, allowing Syria to return to the region. This will also help Syrian users to become economically empowered and choose the best services according to their needs.

Binance returns to Syria

     The crypto exchange Binance has also taken advantage of this opportunity to fully open its platform to Syrian residents. Now Syrian users can use various services of Binance, such as trading, earning, cross-border payments, etc. After this move by Binance, other crypto exchanges may also consider opening their platforms to Syria. This will give Syrian users more options

My Point

     Syria has become very poor after a long civil war. Now it can stand up again with the help of the crypto industry. For this, decentralization will have to be recognized in Syria, and centralized platforms will have to be given concessions so that they do not consider their business in Syria a burden. As for Syria's economic problem, Bitcoin will fix it.

Published on Wubits