Bitcoin or any other digital currency is purely a virtual and imaginary currency, lacking the fundamental attributes and conditions of real currency. Currently, no government has officially accepted responsibility for it. Various religious authorities and scholars worldwide, including Darul Uloom DeRead more
Bitcoin or any other digital currency is purely a virtual and imaginary currency, lacking the fundamental attributes and conditions of real currency. Currently, no government has officially accepted responsibility for it. Various religious authorities and scholars worldwide, including Darul Uloom Deoband, have issued fatwas declaring it as illegitimate.
Bitcoin or any digital currency, in essence, is nothing more than a fictional currency, devoid of the essential characteristics of real currency. The online trading of Bitcoin or digital currency under the guise of buying and selling is merely a deception, as it lacks actual substance, and there are no legal conditions for its transactions. In reality, it is akin to forex trading and takes the form of usury and gambling.
However, in my opinion, if the government were to grant permission, there may be a possibility of engaging in spot trades.
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It should be noted that the cryptocurrency or digital currency that is prevalent in the global market today is a fictitious currency, it does not have the basic characteristics and conditions of real currency at all; Therefore, the business that is going on in the market in the name of buying and seRead more
It should be noted that the cryptocurrency or digital currency that is prevalent in the global market today is a fictitious currency, it does not have the basic characteristics and conditions of real currency at all; Therefore, the business that is going on in the market in the name of buying and selling crypto-currency is not halal and legitimate, this currency does not actually have a seller, i.e. a material thing, and it is not even possessed, only some calculations in the account. The number of comes; Therefore, cryptocurrency or digital currency transactions should be avoided
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