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A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a crypto expert who was invited to explain in detail the practice of using digital coins. Cryptocurrency Deemed ‘Haram’ in Indonesia The local branch of the […]Powered by WPeMatico
A decision by a prominent religious body in Ingushetia to prohibit dealings with cryptocurrency has sparked controversy in the predominantly Muslim Russian republic. Critics have taken to social media to express their disagreements with the ban, pointing out that the treatment of bitcoin in Islamic jurisdictions is not one-sided. Islamic Cleric Explains Reasoning Behind Crypto […]Powered by WPeMatico
When dealing with Bitcoin and other cryptocurrencies, it is important to keep religious rules in mind at all times. Two Turkish imams found that out the hard way, as they have been fired over their Bitcoin activity. It’s a very strange turn of events, although it isn’t entirely surprising. The Fatwa Against Bitcoin Trading For those who are unaware, using, buying, and trading Bitcoin is perfectly legal in Turkey as of right now. There is no official law against this type of activity, yet that doesn’t mean there won’t be repercussions for getting involved in cryptocurrency. This is especially true when you arePowered by WPeMatico