I know for a fact that some of my friends who actually lives in those countries that they own crypto currency one way or another. I think there ia a link to the comments here that some countries have accepted crypto currency in their respective countries. But I'm surprised that there is a question such as this. I mean is crypto currency against the teachings of Islam?
Islamic religion has never in any way kicked against the idea of blockchain technology as well as cryptocurrency and indeed the countries within this perspective, are really embracing it pretty fast I must say. I really have not heard of single teachings of Islam that goes against cryptocurrency and if it is that, then, we would not have seen some of the Arabian countries, embracing the technology and seeing it as a welcome development in the long run.
Topic: Is It Possible that The Moslem Countries Can Accept The CryptoCurrencies System? - page 4. (Read 2631 times)
October 25, 2018, 02:15:23 AM
October 24, 2018, 10:37:00 AM
In my opinion. Muslim countries want to accept a digital financial system, crypto. all this time digital currencies have existed in all countries but the financial system is still centralized. with the existence of crypto currency, I think the muslimpun country is willing to accept this financial system. they will need this currency for their economic progress. so they can compete with other countries.
October 24, 2018, 10:30:30 AM
I am Muslim and my country is predominantly Muslim, and we are fine with no problems with cryptocurrency. As long as it is used for positive things, of course all countries will receive cryptocurrency.
You right, if their concerns are about price fluctuations. even fiat can experience inflation which makes them lose? you're right as long as it's used positively I don't think it's a problem for Muslims to use crypto. after all there is no clear statement from the ulama for this matter right?Exactly. Why do some people even think it'll be an issue? Religion have nothing to do with the stock market right? What difference does crypto have with that lol.
October 24, 2018, 10:13:17 AM
I thought there is no problem with having cryptocurrencies in a religion. In fact, I don't see any connections between religion and currency. Maybe, I am just a person who has a different religion and I think I don't have enough knowledge to the policies of Muslim. However, I respect them if they ban nor regulated the use of cryptocurrencies but for me, it is good if all of us will unite to change the future of digital currency. Because crypto is the future of all things in this earth.
October 24, 2018, 09:55:45 AM
I am Muslim and my country is predominantly Muslim, and we are fine with no problems with cryptocurrency. As long as it is used for positive things, of course all countries will receive cryptocurrency.
You right, if their concerns are about price fluctuations. even fiat can experience inflation which makes them lose? you're right as long as it's used positively I don't think it's a problem for Muslims to use crypto. after all there is no clear statement from the ulama for this matter right?Exactly. Why do some people even think it'll be an issue? Religion have nothing to do with the stock market right? What difference does crypto have with that lol.
October 24, 2018, 07:48:57 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 am once reading article in online media that ulama fatwa in middle east already mention that cryptocurrency is a halal investment instrument. I think its not debateable anymore because its true investment in digital world
I believe there is no haram as Muslim so calls it, when it comes to investing in something and as long as it is not a bad means of investment and it is something that has to do with technological advancement, they would most definitely not want to be left behind.
I believe there is not even a single Arab or Muslim nation that is kicking against the idea of blockchain technology and cryptocurrency at the moment, but are rather embracing it.
October 22, 2018, 11:22:13 PM
i dont think crypto is conflicting any teaching of any religion. AFAIK crypto is promoting decentralise system, open public ledger and trustless system which doesnt require human to verify the transaction. All transaction made are true and can be trace wallet to wallet, hence improve integrity.
crypto trading market is different story. its wild west there, everyone are the same in the market, everyone can try their luck at their own risk.
crypto trading market is different story. its wild west there, everyone are the same in the market, everyone can try their luck at their own risk.
October 22, 2018, 10:16:08 PM
I am Muslim and my country is predominantly Muslim, and we are fine with no problems with cryptocurrency. As long as it is used for positive things, of course all countries will receive cryptocurrency.
You right, if their concerns are about price fluctuations. even fiat can experience inflation which makes them lose? you're right as long as it's used positively I don't think it's a problem for Muslims to use crypto. after all there is no clear statement from the ulama for this matter right? October 22, 2018, 09:52:16 PM
If the moslem countries see that the crypto currency system is beneficial especially to the economic situations of every country, then there is big possibility that yhis moslem counties will accept and adopt the cryptocurrency technology, especially if they see a good chance that it will improve the life of the people , so they will adopt the technology of cryptos.
October 22, 2018, 08:31:27 PM
That could be a great possibility that the moslem countries will accept the cryptocurrency system, because this technology does not prefer any religion across the world , this technology is for digital currency, and every people and countries have the chance to use them ,that if they accept and would really like cryptocurrency.
I'm not a Moslem but I'm heard that they already see crypto investment as not against their law (correct me If I'm wrong) so its a good news specially for our Moslem brothers who are also a devoted crypto investors. And it only shows that crypto has no boundaries whatsoever and it can truly revolutionizes how everyone perceived money as form of investments and it can change the landscape of the financial world.
October 22, 2018, 08:04:00 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?
I am once reading article in online media that ulama fatwa in middle east already mention that cryptocurrency is a halal investment instrument. I think its not debateable anymore because its true investment in digital world
October 22, 2018, 04:21:37 PM
That could be a great possibility that the moslem countries will accept the cryptocurrency system, because this technology does not prefer any religion across the world , this technology is for digital currency, and every people and countries have the chance to use them ,that if they accept and would really like cryptocurrency.
October 22, 2018, 11:36:47 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?
Some of my muslim friend are so in for business and making money. So I guess they would really want to have a place inside this kind of market in the futture.
October 22, 2018, 09:39:08 AM
for now it seems that it is still very difficult to be able to be used by all Muslims in the world but I am sure that in the future as time goes by and technology develops there will certainly be many Muslims using bitcoin to make transactions, because I see in some countries big Muslims like dubai and others start trying to make payments and transactions using cryptocurrency.
October 22, 2018, 05:44:12 AM
It is not just possible, but most likely this will happen soon, because recently these countries have begun to talk about it very often!
October 13, 2018, 08:49:20 AM
Cryptocurrency regimes are appropriate for any country. It is not banned under Muslim religious rules, and they would gladly accept encryption.
There are even a few Islamic crypto-exchanges in the pipeline. I remember going through the ANN of one such exchange here (don't remember the name exactly). That said, don't think that some Islamic nation is going to declare Bitcoin as the national currency anytime in the next 100 years.
October 13, 2018, 08:40:49 AM
Cryptocurrency regimes are appropriate for any country. It is not banned under Muslim religious rules, and they would gladly accept encryption.
There are even a few Islamic crypto-exchanges in the pipeline. I remember going through the ANN of one such exchange here (don't remember the name exactly). That said, don't think that some Islamic nation is going to declare Bitcoin as the national currency anytime in the next 100 years.
October 01, 2018, 02:25:14 AM
Cryptocurrency regimes are appropriate for any country. It is not banned under Muslim religious rules, and they would gladly accept encryption.
October 01, 2018, 01:32:42 AM
it might happen, I also live in a country that is predominantly Muslim, as long as the rules of the game do not violate the applicable law and do not lead to gambling then they will accept as well as internet and stock investments that I know they do not forbid it, but need hard work to realize that
October 01, 2018, 12:55:33 AM
my opinion about this is more liberal as it is possible for Arab countries to allow crypto in Arab countries. some have embraced the blockchain system in various fields in the country, such as in qatar for example.
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