Is It Possible that The Moslem Countries Can Accept The CryptoCurrencies System? - page 7.

aencarnaci

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Quote from: bitcoinrays on September 17, 2018, 01:33:22 AM

Quote from: carlisle1 on September 11, 2018, 08:53:37 AM

Quote from: surfinonmyownwavebaby on June 04, 2018, 11:32:00 PM

It is not only possible but a couple of months ago there was an article written about cryptos in regards to our Muslim friends. Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-islamic-law-muslims-cryptocurrency-market-permissible-sharia-news-price-surge-a8302761.html

Thats right dude,and as far as i remember theres a thread sometimes in july or june that tackles about muslim groups that invested huge amount inside cryptocurrency,so its not just possibilities but it is happening already

Quote from: Malya_alkendy on September 11, 2018, 08:21:48 AM

Very likely, this is because in the view of Islam, Bitcoin and Cryptocurrency in the view of Islamic law it is permissible and not prohibited. of course this will be the reason some Muslim countries will easily be able to accept Bitcoin and Cryptocurrency.

Yups and maybe the only problem about what is the issue if they will engage in gambling inside crypto and that’s prohibited and not allowable

It is possible if the European and African countries first accept it fully then after wondering at the success of these countries the Muslim countries will also want to accept this system. It is all about competition between countries and for the development of country everyone wants to apply something to make it better than other countries. Muslim countries will surely accept the Bitcoin if it catches more fire in the Europe and Africa.

Do not forget that development of each country is fully based on the government and how ready they are to provide what is needed for the citizens; which, we both know, most of these governments are simply just after their own pockets. Truth be told, cryptocurrency or blockchain technology will not be able to solve anything in the economic development, if the government is not ready for the development in the first place and with this I am referring to Africa. As time goes on, hopefully there would be a lot of pressure on its adoption, but for now, let's just see how events will unfold.

I thought a news went out recently on the leaders of the Islamic region coming out to say there is nothing wrong in investing in cryptocurrencies and it is never considered a sin in anywhere in the Quran. I am not sure if this was legit news, but as it is, I do not see any problem with Muslim countries adopting cryptocurrency or blockchain technology. Monetary system is evolving and I am sure, as time goes on, they will get to see the benefits it brings and be willing to make use of it to increase further development in their nations

redsun114

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Quote from: BertoloyBTC on September 11, 2018, 08:53:28 AM

That is a very big possibility that muslim countries will accept the cryptocurrency system with in their countries, because there is nothing wrong with muslim countries accepting cryptos as currency, because it is just currency and at the ssme time an investments in rhe digital world.

Yes this is a possibility that in the near future, Bitcoin will be accepted by the Muslim countries like many states in Middle East count in Dubai and may be Qatar.

There is also a school of thought that the crypto currencies are not allowed and your religion does not allow you to trade in crypto but there are many things that are going on in these countries which are also not allowed by the religion so it is a very big possibility that in the near future, Bitcoin and other coins will be accepted by the Muslim countries as well.

beerlover

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Quote from: ficihch on June 04, 2018, 11:10:06 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 do not think there is anything that is relevant between "muslim" (not moslem) countries and crypto. Crypto provides nothing that is against any religion. May that be muslim, christian, jewish, buddhist doesn't really matter, bitcoin and crypto in general is not something religious and has anything to do with sins or whatever.

It means you believe that muslim countries have different ways to approach these kinds of things aka innovations. Do you really believe that all muslim countries are the same and some would say no to crypto just because it doesn't follow their path somehow ? That is plainly WRONG.

Basically cryptos are just another format of digital currencies and it has nothing to do with religions. Anyone can adopt and use cryptocurrencies similar to how they are using their debit/credit card or how they do transact their fiats in internet. I agree cryptocurrencies are having few special characteristics which are gain nothing to do with religion.

gambitcoin53

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Quote from: ficihch on June 04, 2018, 11:10:06 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?

if it was not against their religion or does not violate any of their teachings, i think they can do business with crypto, since crypto is an investment, i see nothing wrong with trying crypto, we can see the moslem brothers are good businessmen, they have so many investment, whether it is a property, car or crypto investment, i am sure they will do good in joining crypto trading.

bitcoinrays

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Quote from: carlisle1 on September 11, 2018, 08:53:37 AM

Quote from: surfinonmyownwavebaby on June 04, 2018, 11:32:00 PM

It is not only possible but a couple of months ago there was an article written about cryptos in regards to our Muslim friends. Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-islamic-law-muslims-cryptocurrency-market-permissible-sharia-news-price-surge-a8302761.html

Thats right dude,and as far as i remember theres a thread sometimes in july or june that tackles about muslim groups that invested huge amount inside cryptocurrency,so its not just possibilities but it is happening already

Quote from: Malya_alkendy on September 11, 2018, 08:21:48 AM

Very likely, this is because in the view of Islam, Bitcoin and Cryptocurrency in the view of Islamic law it is permissible and not prohibited. of course this will be the reason some Muslim countries will easily be able to accept Bitcoin and Cryptocurrency.

Yups and maybe the only problem about what is the issue if they will engage in gambling inside crypto and that’s prohibited and not allowable

It is possible if the European and African countries first accept it fully then after wondering at the success of these countries the Muslim countries will also want to accept this system. It is all about competition between countries and for the development of country everyone wants to apply something to make it better than other countries. Muslim countries will surely accept the Bitcoin if it catches more fire in the Europe and Africa.

Beegovere

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Quote from: Malya_alkendy on September 11, 2018, 08:21:48 AM

Very likely, this is because in the view of Islam, Bitcoin and Cryptocurrency in the view of Islamic law it is permissible and not prohibited. of course this will be the reason some Muslim countries will easily be able to accept Bitcoin and Cryptocurrency.

Many Muslim countries do not think of the sharia laws because they are already doing banking system which is totally against sharia law. They know the importance of cryptocurrency, but still there is no single Islamic country that accepted cryptocurrency but I am sure they will change their mind in the future and will allow their people to invest and trade in cryptocurrency.

verguat33

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Quote from: Rrotess on September 11, 2018, 07:31:37 AM

Quote from: Hydrogen on June 05, 2018, 12:15:33 AM

Quote from: ficihch on June 04, 2018, 11:10:06 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?

If there is another arab spring which produces widespread independence movements in middle eastern nations, it is possible existing banking systems could be overthrown as people embraced crypto currencies in an attempt to find alternative ways of doing things.

To a degree, middle eastern nations appear to be run by mullahs and religious clerics. I don't know if there is anyone with authority in the middle eastern world who would be pro bitcoin, that other arabs or muslims would listen to.

Middle eastern leaders tend to repress education and information on topics like crypto currencies. If there was a bitcoin following in the middle east it would likely be a small demographic.

It's definitely possible If they want an independent system in their countries.. In that way they can have an easier and developed economic system.

Yeah it is possible because the Muslim countries are also interested in new technology and digital currency and many Islamic scholars now giving their comments on digital currency and motivate people to invest in cryptocurrency because it is the need of the day and if they do not put their money in cryptocurrency, they would not be able to buy in the future due to very high price.

mamesso

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this is still a debate some countries accept bitcoin as a useful asset, but Egyptian religious leaders still consider bitcoin dangerous.
Malaysia can be a leading country, I see several ICO projects from Malaysia and apply the concept of sharia.

raventnc

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I don't really know if the crypto is prohibited to them but I think it is possible for them to accept cryptocurrency because I think that it is not a big deal for their religion to accept it.

Olalomi

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In the tenets and beliefs of islam gambling is forbidden for the fact that that cryptocurrencies is not gambling or HYIP thus there is no reasons for Islamic countries not accept cryptos what is needed there is adequate public enlightment or publicity because some people may paint cryptos in a bad light and associate it with hyip because of its nature of instability.

carlisle1

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Quote from: surfinonmyownwavebaby on June 04, 2018, 11:32:00 PM

It is not only possible but a couple of months ago there was an article written about cryptos in regards to our Muslim friends. Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-islamic-law-muslims-cryptocurrency-market-permissible-sharia-news-price-surge-a8302761.html

Thats right dude,and as far as i remember theres a thread sometimes in july or june that tackles about muslim groups that invested huge amount inside cryptocurrency,so its not just possibilities but it is happening already

Quote from: Malya_alkendy on September 11, 2018, 08:21:48 AM

Very likely, this is because in the view of Islam, Bitcoin and Cryptocurrency in the view of Islamic law it is permissible and not prohibited. of course this will be the reason some Muslim countries will easily be able to accept Bitcoin and Cryptocurrency.

Yups and maybe the only problem about what is the issue if they will engage in gambling inside crypto and that’s prohibited and not allowable

BertoloyBTC

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That is a very big possibility that muslim countries will accept the cryptocurrency system with in their countries, because there is nothing wrong with muslim countries accepting cryptos as currency, because it is just currency and at the ssme time an investments in rhe digital world.

Rrotess

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Quote from: Hydrogen on June 05, 2018, 12:15:33 AM

Quote from: ficihch on June 04, 2018, 11:10:06 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?

If there is another arab spring which produces widespread independence movements in middle eastern nations, it is possible existing banking systems could be overthrown as people embraced crypto currencies in an attempt to find alternative ways of doing things.

To a degree, middle eastern nations appear to be run by mullahs and religious clerics. I don't know if there is anyone with authority in the middle eastern world who would be pro bitcoin, that other arabs or muslims would listen to.

Middle eastern leaders tend to repress education and information on topics like crypto currencies. If there was a bitcoin following in the middle east it would likely be a small demographic.

It's definitely possible If they want an independent system in their countries.. In that way they can have an easier and developed economic system.

Malya_alkendy

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Very likely, this is because in the view of Islam, Bitcoin and Cryptocurrency in the view of Islamic law it is permissible and not prohibited. of course this will be the reason some Muslim countries will easily be able to accept Bitcoin and Cryptocurrency.

paynercash

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Quote from: udonmez on August 06, 2018, 02:56:25 PM

It is not look realistic that any county accept crypot as a system. Muslum countries also will not do it.Moreover it kills crpto environment.

I do not really understand about them. But I think if there are gadgets and help for them. It is not difficult, simple will be accepted and used as normal. Most people want to benefit themselves. Simple to understand.

anti76

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Stellar blockchain has received a certificate of compliance with Sharia law.For the Stellar ecosystem, obtaining a certificate means being able to expand in markets that require compliance with Islamic principles: in the countries of the Cooperation Council of the Arab States of the Persian Gulf (Bahrain, Kuwait, Saudi Arabia, Qatar, United Arab Emirates and Oman) and some countries in South-East Asia.I can conclude that it is necessary to invest in cryptocurrency Stellar.

ipanks

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I think not just the Moslem countries that can accept the cryptocurrencies system but the other countries have the same possibilities and I think cryptocurrency is for all people in all countries. and like other people said, cryptocurrency can cross-border and don't have any limitations to be used in any country. as long as we can connect with the cryptocurrency, then we can use it for transfer the fund to other people, we can send and receive the fund to other people in any place.

CrazeCoinz

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Cryptocurrency is for everyone and I think Moslem countries can take part with this technology. I seen some ICO's coming from the Middle-East and I think they have now open their doors for the cryptocurrency which is good to their countrymen to participate and invest with this phenomenal technology.

Rrotess

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Quote from: Hydrogen on June 05, 2018, 12:15:33 AM

Quote from: ficihch on June 04, 2018, 11:10:06 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?

If there is another arab spring which produces widespread independence movements in middle eastern nations, it is possible existing banking systems could be overthrown as people embraced crypto currencies in an attempt to find alternative ways of doing things.

To a degree, middle eastern nations appear to be run by mullahs and religious clerics. I don't know if there is anyone with authority in the middle eastern world who would be pro bitcoin, that other arabs or muslims would listen to.

Middle eastern leaders tend to repress education and information on topics like crypto currencies. If there was a bitcoin following in the middle east it would likely be a small demographic.

It's definitely possible If they want an independent system in their countries.. In that way they can have an easier and developed economic system.

Muzika

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Quote from: ficihch on June 04, 2018, 11:10:06 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 dont know what is your reason behind that curiosity, those muslim countries have a very good economic state so as times goes by they had the capabilities on adaptation on crypto market. And for me as what Ive seen in many ICOs there are many muslim in a team who manage it so it is not impossible to muslim country to adapt it.

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