Arab digital currencies are few compared to global projects, and most are still in early stages or lack significant trust from the community. Here are the main known facts about digital currencies related to the Arab world:
---
1. DinarCoin (DinarCoin - DNC)
Country of reference: Said to be inspired by the Islamic gold dinar.
The idea: Linking the currency to gold, so that each unit of DinarCoin represents a certain amount of real gold.
Notes: The project has stirred controversy and faced accusations of lack of transparency.
---
2. emCash (emCash) - Dubai
Launch country: UAE (Dubai)
Entity: A project affiliated with the Dubai government under the "Smart Dubai" initiative.
Goal: To use it for payment for government and commercial services.
Status: No recent updates, and it is believed that the project has not been widely adopted yet.
---
3. ArabCoin / OneGram
OneGram: A project from Dubai, aiming to issue a cryptocurrency backed by gold and compliant with Islamic law.
Goal: To integrate financial technology with Islamic principles.
Status: Experienced initial hype but did not maintain significant momentum later.
---
4. CoinMENA (Trading platform)
Not a currency, but a licensed Bahraini platform for trading digital currencies, supporting users in several Arab countries.
---
5. Other emerging projects
There are other lesser-known Arab projects that appear from time to time, but they are often:
Copies of global projects.
Without real endorsement.
Limited impact.
---
Important note:
Many "Arab" currencies have been created for marketing purposes only, and some are dubious projects or still inactive. So be cautious in dealing with them.
---