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Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims – Regulation Bitcoin News

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Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements of uncertainty, wagering, and harm. Cryptocurrency Is Forbidden for Muslims Under Islamic Law in Indonesia Indonesia’s Ulema Council (Majelis Ulama Indonesia or

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Indonesia’s national Islamic council reportedly declares Bitcoin haram

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The National Ulema Council (MUI), Indonesia’s top Islamic scholarly body, has reportedly found cryptocurrencies like Bitcoin (BTC) to be haram, or forbidden, by the tenets of Islam. Asrorun Niam Sholeh, chairman of MUI’s Fatwa Commission, confirmed the religious authority’s rejection of cryptocurrencies due to alleged elements of “uncertainty, wagering and harm.”In

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Indonesia’s Religious Leaders Declare Crypto Illegal for Muslims: Report

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Muslims are forbidden from using crypto, Indonesia’s council of religious leaders has declared, Bloomberg reported on Thursday.Crypto is forbidden due to the elements of uncertainty and wagering, Indonesia’s authority on Shariah compliance, the National Ulema Council (MUI), announced following a hearing.Asrorun Niam Soleh, head of religious decrees, added that a

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Indonesia’s Commodities Regulator Approves Asia-Pacific Crypto Exchange

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Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, has given the green light to crypto exchange provider Zipmex.The approval is the latest in Zipmex’s series of applications to regulators in the Asia-Pacific region, where it has already secured a go-ahead from Thai and Australian authorities. Regulated operations across

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