Raffaele
Sun Jul 14 2024
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7 answers
1332
Should bitcoin be a halal currency?
As a finance professional, I must inquire with utmost sincerity: Should Bitcoin, a digital currency operating on a decentralized network, be deemed as a halal currency? The question arises due to the unique nature of Bitcoin, which operates outside the traditional banking and financial systems. It begs the question of whether its lack of central control and anonymous transactions align with the principles of halal, which generally emphasize fairness, transparency, and avoidance of harm. While Bitcoin offers unprecedented accessibility and potential for financial inclusion, its anonymity could also be exploited for illicit purposes. Therefore, a thorough examination of its characteristics and implications is necessary to determine its compatibility with halal principles.
