If this turns out to be true and functional then the ramifications will be incredibly interesting. The flow of currency in the Muslim world is under constant scrutiny so I wonder how governments will react to the notion of an online, encryptable currency becoming popular.<p>I have a bit of experience with the financial sector in the Middle East and my immediate thought is that if this idea comes to fruition it will be immediately banned in all major Arab countries.<p>Alternatively, it could be a honey pot trap.