Is bitcoin legal in Islam?

Additionally, lending with cryptocurrency and certain types of trading are also believed to contravene Islamic teachings. These practices are often associated with speculative behavior and excessive risk-taking.

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Regarding the Islamic perspective on Bitcoin usage, recent scholarly interpretations have rendered a largely permissible stance.

The general consensus is that Bitcoin, in its majority of applications, aligns with Islamic principles. This includes its use as a means of exchange and store of value.

However, there are certain exceptions where Bitcoin's usage is deemed unacceptable. Gambling activities involving cryptocurrency are almost certainly prohibited.