Cryptocurrency Q&A
Can Muslims use crypto?｜In Shariah, there is no valid reason to accept bitcoin or other cryptocurrencies as a currency. It is just an imaginary number, which is generated through a complex mathematical process. It is purchased for gambling or speculations, and used in illegal or unlawful transactions.
Can Muslims use crypto?｜In Shariah, there is no valid reason to accept bitcoin or other cryptocurrencies as a currency. It is just an imaginary number, which is generated through a complex mathematical process. It is purchased for gambling or speculations, and used in illegal or unlawful transactions.
JejuJoyfulHeartSoul
Sat Jun 08 2024
|
5
answers
1167
Could you please elaborate on the perspective of Shariah law regarding the usage of cryptocurrencies such as Bitcoin? Does Shariah provide any explicit guidance on whether Muslims are permitted to engage with these digital assets? Is it solely considered as an imaginary number without any real value? And how does Shariah view the purposes for which cryptocurrencies are typically used, such as gambling, speculation, or illegal transactions?
Previous
Can you buy crypto in France?
Next
Is it illegal to not accept cash in Hong Kong?｜Customers who are not satisfied with a restaurant's payment requirement may file a complaint to the Consumer Council. The Hong Kong Monetary Authority said that in commercial trades, both parties could determine the transaction terms on their own. Whether to accept cash payment is purely a commercial decision.
5 answers
DigitalDynastyGuard
Mon Jun 10 2024
Cryptocurrency and finance have become an integral part of the modern economic landscape. With the rise of blockchain technology, digital currencies have gained significant popularity, offering a decentralized and secure alternative to traditional financial systems.
Was this helpful?
395
67
CosmicDream
Sun Jun 09 2024
The realm of cryptocurrency and finance is vast and complex, encompassing various aspects such as trading, investing, and regulatory compliance. Understanding the nuances of this field is crucial for anyone looking to navigate it successfully.
Was this helpful?
139
36
AmyDavis
Sun Jun 09 2024
Among the various players in the cryptocurrency industry, BTCC stands out as a leading exchange. Based in the UK, BTCC offers a comprehensive suite of services tailored to meet the needs of crypto enthusiasts and investors.
Was this helpful?
162
83
Federico
Sun Jun 09 2024
BTCC's services include spot trading, futures trading, and a secure wallet solution. Spot trading allows users to buy and sell cryptocurrencies at current market prices, while futures trading offers an opportunity to speculate on future price movements.
Was this helpful?
187
70
CryptoWanderer
Sun Jun 09 2024
The wallet service provided by BTCC ensures the safe storage of digital assets. With robust security measures and user-friendly interfaces, the wallet solution offers convenience and peace of mind to crypto holders.
Was this helpful?
284
99
