Cryptocurrency Q&A
Why is crypto not halal?
Why is crypto not halal?
Chloe_thompson_artist
Sat Jun 08 2024
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6 answers
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Could you please elaborate on the reasons why cryptocurrency is not considered halal? I'm curious to understand the religious and ethical concerns surrounding its use. Could you provide some specific examples or arguments to support this viewpoint? Additionally, are there any exceptions or circumstances where the use of cryptocurrency could be considered acceptable? I'm interested in hearing your thoughts on this matter.
6 answers
Bianca
Mon Jun 10 2024
Cryptocurrencies have sparked intense debates among scholars. Some argue that these digital assets lack the stability and tangibility of traditional currencies.
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CryptoQueenBee
Sun Jun 09 2024
The underlying assets and risks associated with cryptocurrencies remain uncertain. This lack of clarity adds to the skepticism surrounding their legitimacy and reliability.
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NebulaChaser
Sun Jun 09 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures contracts, and wallet storage. Despite these offerings, investors should remain cautious due to the inherent risks associated with cryptocurrencies.
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Tommaso
Sun Jun 09 2024
The values of cryptocurrencies are highly volatile, fluctuating significantly in short periods. This volatility makes them unsuitable for use as a stable store of value.
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MatthewThomas
Sun Jun 09 2024
Cryptocurrencies are not backed by real assets, unlike fiat currencies which are supported by governments and central banks. This absence of tangible support undermines their economic foundation.
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