Is Cryptocurrency Halal Malaysia / Scholars Who Say Cryptocurrency Is Haram And Those Who Say Its Halal Islamicfinanceguru : Malaysian religious authorities announced the permissibility of cryptocurrency as halal.. Halal cryptocurrency is like gold and silver as it fulfills the core requirement of the traditional monetary cycle. In its essence, crypto trading is allowed in islam, but with some technicalities. Not long after they made the historical decision, many religious scholars in malaysia say that crypto is a venture worth investing in. But, this also has a grey area. Cryptocurrency, in and of itself, is halal.
Khairani afifi noordin / the edge malaysia. Malaysia's top shariah specialist confirms that crypto trading is not only a legitimate way to earn a living but also religiously acceptable in islam, albeit with certain conditions. Many religious scholars in malaysia say that crypto is a venture worth investing in. Bitcoin is not based on debt, but a proof of work. So far, three cryptocurrency exchanges have been approved to operate in the country:
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Malaysia's top shariah specialist confirms that crypto trading is not only a legitimate way to earn a living but also religiously acceptable in islam, albeit with certain conditions.
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The shaykh also concludes that by implication bitcoin mining is also impermissible as it is creating money from nothing.
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