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Tag: Haram

New, futuristic ‘blockchain cities’ are just castles in the air

The majority of these city projects are using blockchain and cryptocurrencies as mere buzzwords rather than as real solutions New cities are...

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Vibe killers: Here are the countries that moved to outlaw crypto in the past year

From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools.

Islamic Organization In Indonesia Issues New Decrees Against Cryptocurrencies That Could Shape Usage In The Country

Indonesia's Islam Council Bans Muslims From Trading Bitcoin, Deems Crypto As "Haram"
Cryptocurrencies have been declared haram by the Tarjih Council and the Central Executive Tajdid of Muhammadiyah. The Islamic group claimed that cryptocurrencies violated Islamic law on two counts. It would be the third time an Islamic organization has spoken out against the industry, which shows no signs of slowing down in Indonesia. An Islamic group […]

Another Islamic Organization Issues Fatwa Against Cryptocurrencies in Indonesia

"Tarjih's fatwa stipulates that cryptocurrency is illegal both as an investment tool and as a medium of exchange." These were the words written on Muhammadiyah's official website. 

Indonesian Islamic organization issues new fatwa against crypto use

The fatwa pointed towards two critical issues with cryptocurrencies that make them illegal as an investment tool as well as a medium of exchange.

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