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A region home to 4 million people in Northern Syria is looking to cryptocurrency as a way to overcome economic sanctions.
Rojava, also known as the Democratic Federation of Northern Syria, has spent the last six years at war for its territory, and now in fragile peacetime, the country is under economic sanctions from all sides – Turkey, Iran, Syria, Iraq. In the midst of this uncertainty, however, those backing the state are putting a new emphasis on monetary independence.
Because its primary currency is the Syrian lira, also the main currency of the Syrian state (and a principle enemy of Rojava), there’s a belief cryptocurrency could be an “alternative,” Erselan Serdem, a leader of the project’s technological development program, told
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