Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country's Muslim Population – Regulation Bitcoin News

The fatwa points to volatility and lack of state backing as reasons why Muslims must avoid cryptocurrencies.

Volatility, Cryptocurrencies

1/22/2022 1:31:00 AM

The Islamic organization points to the volatility of cryptocurrencies as one of the reasons for issuing the fatwa.

The fatwa points to volatility and lack of state backing as reasons why Muslims must avoid cryptocurrencies.

Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country's Muslim PopulationIndonesia’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 cryptocurrencies.

Cryptocurrencies Thought to Be Too VolatileThe Indonesian Islamic organization Tarjih Council and the Central Executive Tajdid of Muhammadiyah has issued a fatwa against the use of cryptocurrency in the Asian country. The fatwa, which comes a few months after another Islamic organization discouraged the use of cryptocurrencies, explains to Muslims the illegality and harmfulness of using cryptocurrencies.

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mine at your own comfort and share your own testimonies with coinmamba11 everything is in order Why stress on volatility of the market when you can cloudmine any Crypto and make profit ArivaCoin is going to have its own blockchain this Q1. Checkout arivacoin if you have a minute. ariva I believe that these things should not intersect with each other in any way! If crypto doesn't negate religion, then why does religion negate crypto

Its old news.. Lol whales wanna buy the dip 🤣🤣🤣 Lol, Indonesia the big city for Corruption ,Tell about religion? Bulshit It is actually forbidden to forbid what is halal. They are committing sin. Volatility cannot be an excuse to declare bitcoin haram. It is a currency. Its price doesnt matter in the context of it being halal or haram. Each crypto should be reviewed seperately by the way...

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So the people who live in dirt huts and stone woman to death said what?

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