I heard that
Bitcoin is considered haram in some cultures and religions. I want to understand why this is the case. Could it be because of its decentralized and unregulated nature, or are there other reasons behind this belief?
6 answers
Giulia
Wed Dec 18 2024
Islamic principles emphasize risk-sharing and avoiding speculation.
Stefano
Wed Dec 18 2024
Cryptocurrency futures trading involves uncertainty and risk.
CryptoConqueror
Wed Dec 18 2024
Cryptocurrency trading with future contracts is generally considered haram in Islamic finance.
Emanuele
Wed Dec 18 2024
These elements are in conflict with Islamic teachings that emphasize caution and prudence in financial matters.
Martino
Wed Dec 18 2024
This is due to the speculative nature of such transactions, which is akin to gambling.