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Trading crypto declared ‘haram’ by Indonesia’s most prominent Islamic body

Let’s just say it isn’t exactly Shariah-compliant. Indonesia’s top Islamic body, The National Ulema Council (MUI), has declared the trading of cryptocurrencies like Bitcoin and Ethereum haram, or forbidden according to Shariah law. The religious authority cites various aspects of crypto that they say don’t really align with Shariah law, including elements like “uncertainty, wagering, and harm” …
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Written by: Danial Martinus