Topic: Is It Possible that The Moslem Countries Can Accept The CryptoCurrencies System? - page 10. (Read 2689 times)
June 05, 2018, 01:42:09 PM
Would be even better if we made sure those countries wouldn't have a choice but to accept it. Just shows that us humans aren't as free as we think lol. Some muslim countries are more westernised than I would have thought though. My mother once went to Saudi Arabia and when she told me what it's like there I was really surprised.
June 05, 2018, 01:00:11 PM
even in english there is mosque that accept bitcoin for charity fund.and i don't see negative effect from bitcoin that make bitcoin restricted in muclim country
In recent times there has indeed been a mosque accepting donations in Bitcoin, but there is a major difference in how open minded muslims are from country to country. In most cases westernized muslims are much more open to embrace new technologies, while the muslims in the middle east are more likely to go with what the religious leaders are pointing out. There is a major difference in overall mentality, which is quite fascinating, but also points out how difficult it is to reach muslims on a global scale. I personally don't care who or what you are, because that doesn't and shouldn't matter when it comes to Bitcoin....
June 05, 2018, 12:52:40 PM
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
Why not? It is just another way of payments or locking money, for me there is no doubt that if the goverment wants it could make it possible to use them. Bitcoin declares from a mosque and other brothers Muslims that bitcoin or cryptocurrency is acceptable from their Allah which is there God.
So, no doubt bitcoin is now currently holding in Muslim people they also invest in it.
June 05, 2018, 12:49:53 PM
What's your opinion?
Religion shouldn't even be linked anywhere remotely close to the economy of a nation. We live in the 21st century and modernisation has taken the entire world to a whole new level. A positive upgrade is always welcome under most circumstances and in this case too.
So yeah, moving on from barter system to currency in coins and notes, cryptocurrencies could be the modern day economic game changer for any country.
June 05, 2018, 12:48:17 PM
I don't understand what is wrong with using the bitcoins,it is not a crime or illegal thing the value came from demand like in all other things so it can be used by anyone irrespective of the religion.And also I have read somewhere that someone wrote an article the bitcoin is not against the muslim law so it can be used by muslim too.
Like what OP said they are using sharia law with their economy so that can be a connection why there's a news that recently said they can now use bitcoin.In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
https://www.ccn.com/bitcoin-declared-compliant-with-sharia-law-price-surges/
June 05, 2018, 12:48:13 PM
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
Majority of moslem countries run interest free loan meanwhile adoption of cryptocurrencies might be against their religious doctrine as a matter of fact Cryptos doesn't have a fixed value appreciation in its values with time might be considered as a ponzi scheme which negates Islamic principle 
June 05, 2018, 12:42:01 PM
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
Why not? It is just another way of payments or locking money, for me there is no doubt that if the goverment wants it could make it possible to use them. 
June 05, 2018, 12:34:16 PM
It's not like the islamic's countries economical system is being connected, it's not like the european union, they are separated, so I see that unlikely to happen that all the islamic countries will start seeing bitcoin a currency all together.
It's more likely that if we take a random islamic country, the chances of it to accept crypto is much higher then a different country because the government is much weaker in such countries and usually the citizens are searching for alternatives for the traditional currencies.
We should be focusing to get our system stronger and to make the network much more stable, we shouldn't be focusing on fitting ourselves to specific group of countries.'
It's more likely that if we take a random islamic country, the chances of it to accept crypto is much higher then a different country because the government is much weaker in such countries and usually the citizens are searching for alternatives for the traditional currencies.
We should be focusing to get our system stronger and to make the network much more stable, we shouldn't be focusing on fitting ourselves to specific group of countries.'
June 05, 2018, 11:50:05 AM
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
I don't understand what is wrong with using the bitcoins,it is not a crime or illegal thing the value came from demand like in all other things so it can be used by anyone irrespective of the religion.And also I have read somewhere that someone wrote an article the bitcoin is not against the muslim law so it can be used by muslim too.
June 05, 2018, 11:40:39 AM
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
I don't understand what is wrong with using the bitcoins,it is not a crime or illegal thing the value came from demand like in all other things so it can be used by anyone irrespective of the religion.And also I have read somewhere that someone wrote an article the bitcoin is not against the muslim law so it can be used by muslim too. June 05, 2018, 11:31:40 AM
I m not sure but perhaps in the future this will be possible. Not only muslim countries don't approve it now. I don't think that there is 0 probability but it won't happen too quickly. time is needed and we will wait for it
June 05, 2018, 11:27:12 AM
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
There are still many countries that are base on sharia.And in terms of Islamic Shari'ah law of cryptocurrency is included in the Islamic Shari'a, there is no cryptocurrency system that is contrary to the Islamic Shari'a law. For the payment system, cryptocurrency is the same thing with other tools (money), because basically in the process of transactions governed by Islam it depends on the seller and buyer, the buyer is free to determine the means of payment used so that there is agreement.
Likewise, cryptocurrency can be used as a place of investing and trading, Islam has set how to trade and invest and my opinion cryptocurrency is feasible to serve as investment and trading. So, all the rules that exist in cryptocurrency is feasible to be adopted by countries that have Islamic sharia law.
June 05, 2018, 11:09:25 AM
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
Yes it's high very likely that the arabic world adopt cryptocurrency as this latter is not forbidden in Islam which leaves alot of arab people start using cryptocurrency like Mr.Everybody.However banks are still everywhere in the world which may still be considered a challenge for cryptocurrency adoption even in the arabic world. 
June 05, 2018, 10:24:59 AM
looking at economic developments in Muslim countries I think cryptocurrencies can be accepted by the country, while not in use for crime by users in that country.
because I know so much of the benefits of crypto for economic development so there is no problem as far as I know.
because I know so much of the benefits of crypto for economic development so there is no problem as far as I know.
June 05, 2018, 02:52:27 AM
Why not?They can have cryptocurrency system as long their government allows it.Its just same as other countries.Whether what religion you are everyone is welcome in crypto world.The only problem if the government accept it.
June 05, 2018, 02:43:12 AM
I am a Muslim and the citizens here are the majority of Muslims and all goes well. no problem as long as cryptocurrency does not conflict with holy book al quran.
June 05, 2018, 02:37:20 AM
I think if you're asking them, then they're all for it. For one thing almost all of the arab countries don't have taxes included on their goods and services. Crytpo currencies do just that. Besides the arab nation, much like any other nation, would like first dibs on new technology or ways to improve their economy. Besides, arab or no, people want money.
June 05, 2018, 02:14:37 AM
Muslims accept transactions by using cryptocurrency, Muslims have no problem with this, in their religious rules, it is not forbidden, they will gladly accept the crypto.
June 05, 2018, 01:52:14 AM
If it is pofitable ecnomic usecase for the country, why wouldnt musleum countries accept cryptos.
June 05, 2018, 01:47:10 AM
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
Just asking is there any law that preventing our Muslim Brothers to use any cryptocurrencies? Cause since the beginning of my journey to crypto world I've never seen or even heard about preventing them to use cryptocurrencies. They can use it as long as they want unless it is banned in there countries.There are some people of the thoughts or scholars that says Muslims should stay away from crypto. That is why you can't hear infos about crypto currencies in Saudi Arabia. Only in UAE crypto is accepted, I guess there are many races there and some are not Muslims that is why it is okay.
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