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Crypto Is Forbidden For Muslims In This Country
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ndtv.comThe use of crypto assets as a currency is forbidden for Muslims in Indonesia
The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia's council of religious leaders.
The National Ulema Council, or MUI, has deemed cryptocurrency as haram, or banned, as it has elements of uncertainty, wagering and harm, Asrorun Niam Sholeh, head of religious decrees, said on Thursday after the council held an expert hearing. If cryptocurrency as a commodity or digital asset can abide by Shariah tenets and can show a clear benefit, then it can be traded, he added.
MUI holds the authority on Shariah compliance in the country that's home to the world's largest Muslim population, with the finance ministry and central bank consulting
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