Russian businessman Vyacheslav Semenchuk launched a Jewish version of BitCoin named BitCoen. The BitCoen group will reportedly collaborate with halacha, issuing interest free loans and assigning a tenth of its profits to the Jewish community.
“The first kosher cryptocurrency,” BitCoen announced, will have “all the advantages of the digital world” combined with “the values and customs of the ancient foundations in the framework of Jewish law.”
The first opportunity to invest with BitCoen is planned for October 9. The company hopes to initially issue a hundred million BitCoens, each worth one dollar, and have up to $1.5 billion within two years. A Jewish “Council of Six” will manage the company.
Similar ventures restricted to a specific group have been launched by the self-proclaimed Free Republic of Liberland in northern Europe, and the private cities of Liberstad in Norway and Orania in South Africa.
{Matzav.com Israel News Bureau}
