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Dubai Crypto Expo to spotlight BST Token, Islamic principles

04:25 PM | 19 Sep, 2023
Dubai Crypto Expo to spotlight BST Token, Islamic principles

Dubai's Crypto Expo 2023, set for September 20-21, will unveil The Blue Sapphire Token (BST) by BST Gemstones Trading 'LLC, emphasizing Dubai's role in cryptocurrency and showcasing the latest digital currencies and gems, all while highlighting BST's adherence to Islamic principles.

Azim Abdul Latif, BST Group's chairman, and his team members, while addressing the media, emphasized the significance of Kashmiri Blue Sapphire's trade.

During the crypto expo, BST Gemstones specializing in Kashmiri Blue Sapphire, will introduce a cryptocurrency known as The Blue Sapphire token (BST).

Digital currency, blockchain technology, and cryptocurrency have propelled the world to new frontiers. This year's Crypto Expo will feature the world's leading and most coveted cryptocurrencies and gemstones, with active participation from companies handling both digital and physical assets.

The Crypto Expo 2023 scheduled to take place at the Dubai Festival Arena will see traders and companies from around the world converging to set up their booths.

The company is taking groundbreaking measures by combining intricate scientific research with advanced technology to enhance the quality of life.

During Latif's talks, the emphasis centered on showcasing the trade and importance of Kashmiri Blue Sapphire. Additionally, there was in-depth discussion about the expected success of the BS Token upon its market launch.

As the market value of Kashmiri Sapphire rises, the value of the Blue Sapphire Token will also experience a parallel increase.

In conversations with the media, Azim and other BST Group representatives emphasized that the Blue Sapphire Token aligns with Islamic values and principles, supported by a fatwa issued by Islamic scholars. Thus, the choice was made to introduce it at the Crypto Expo.

In the domain of gemstones, Kashmiri sapphire occupies a distinct position. The BS Token isn't just another cryptocurrency; rather, it marks a groundbreaking evolution in the precious stone trade.

Dr. Farooq Abdal emphasizes that the token isn't limited to its launch at the Crypto Expo; it will also be presented to a global audience. Additionally, during their speeches at the Crypto Expo, the company's founders, Dr. Farooq Abdal and Dr. Umair Mehmood, will elaborate on how it aims to gain traction and promote tokenization worldwide.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 Feb 2024

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 26 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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