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Cryptocurrency has been declared Haram by Indonesia's Islamic Authority
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[QUOTE="Suba, post: 178765, member: 3658"] Since 2015, the Indonesian government has prohibited the use of cryptocurrencies as a medium of exchange, but has allowed crypto as a commodity that can be traded such as securities, stocks and forex. But the MUI (Indonesian Ulema Council) through the 7th Ijtima Ulama Fatwa Commission stated that cryptocurrency is haram (11/11/2021). Although this news has spread all over the world, but so far, it doesn't seem to have any impact on cryptocurrency users in Indonesia. All crypto exchanges both local and from abroad are still crowded with traders. I think the MUI Fatwa was issued in a hurry. Only forbid (haram) crypto as a medium of exchange which was previously prohibited by the government. On 14/11/2021, the Bahtsul Masail Forum was held by the Islamic Law Firm and the Wahid Foundation at Hotel Borobudur, Jakarta. Yenny Wahid (daughter of Abdurrahman Wahid, the 4th President of Indonesia), explained that cryptocurrency is halal as long as it is not prohibited by the state. [/QUOTE]
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Cryptocurrency has been declared Haram by Indonesia's Islamic Authority
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