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Could you elaborate on the Islamic perspective regarding the legality of Bitcoin? Islamic banking principles oppose interest-based transactions. Given that, how do Islamic scholars reconcile their faith with the technology, pricing, and trading of cryptocurrencies, which are often deemed halal? Is there a consensus among scholars, or does the issue remain open to interpretation? Ultimately, who holds the authority to determine such matters in Islam, and how does one reconcile these teachings with modern financial innovations like Bitcoin?
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