Cryptocurrency Analysis and News Portal
Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons why Muslims must avoid investing or using
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Money is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence.
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Participating members of the Kuala Lumpur Summit last week have proposed a united cryptocurrency for Muslim nations. The key idea behind such a digital asset would be to manage and administer financial resources without relying too much on the U.S. dollar.The Iranian president, Hassan Rouhani, speaking at the Kuala Lumpur
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Iranian President Hassan Rouhani says the Muslim world needs its own cryptocurrency to fight American economic domination in international trade and cut reliance on the dollar, AP reported. “The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime,"
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