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Cryptocurrency has been declared Haram by Indonesia's Islamic Authority
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[QUOTE="Yusra3, post: 177399, member: 31907"] The Ulema Committee of Indonesia (Majelis Ulama Indonesia or MUI), the state's leading Islamic organisation with Shari'ah authority, has allegedly proclaimed the use of cryptocurrency as a form of money haram, or outlawed in Islamic law for Muslims.According to Bloomberg, Asrorun Niam Sholeh, the director of religious regulations, indicated Thursday that cryptocurrency includes aspects of "uncertainty, wagering, and injury," and after that, the council convened an official hearing. He did, however, state that if cryptocurrency can adhere to Shariah principles and demonstrate a demonstrable advantage, it may be sold as a digital asset or traded as a digital commodity.Indonesia has the world's largest Muslim minority, with 231 million Muslims accounting for 86.7 percent of the nation's population.On Islamic finance concerns, the Ulema Committee supports the nation's finance minister and central bank. [/QUOTE]
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Cryptocurrency has been declared Haram by Indonesia's Islamic Authority
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