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3232Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology
https://www.digit.info/uzbekistans-islamic-authority-retracts-fatwa-against-cryptocurrency-issues-apology/
Fri, 07 Jun 2024 04:22:22 +0000https://www.digit.info/2024/06/07/uzbekistans-islamic-authority-retracts-fatwa-against-cryptocurrency-issues-apology/Read more]]>Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response, the Fatwa Center issued a statement titled “Correction and Apologies.” The statement disclosed that […]
]]>Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency
https://www.digit.info/islamic-organization-in-indonesia-issues-fatwa-against-cryptocurrency/
Thu, 28 Oct 2021 13:30:45 +0000https://www.digit.info/2021/10/28/islamic-organization-in-indonesia-issues-fatwa-against-cryptocurrency/Read more]]>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 […]
]]>Religious Ban on Cryptocurrencies Provokes Social Media Reproach in Ingushetia
https://www.digit.info/religious-ban-on-cryptocurrencies-provokes-social-media-reproach-in-ingushetia/
Sat, 29 May 2021 05:30:16 +0000https://www.digit.info/2021/05/29/religious-ban-on-cryptocurrencies-provokes-social-media-reproach-in-ingushetia/Read more]]>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 […]
]]>Turkish Imams Fired for Violating Fatwa Against Bitcoin Trading
https://www.digit.info/turkish-imams-fired-for-violating-fatwa-against-bitcoin-trading/
Sat, 31 Mar 2018 16:19:04 +0000https://www.digit.info/2018/03/31/turkish-imams-fired-for-violating-fatwa-against-bitcoin-trading/Read more]]>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 are
Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response, the Fatwa Center issued a statement titled “Correction and Apologies.” The statement disclosed that […]
]]>
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 […]
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 […]
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 are