Tag: Egypt

January 03, 2018 BY Mariela Naydenova

Bitcoin as a “contract annulment” in the Islamic religion

While Bitcoin may be facing backlashes from around the world, from governments and central banks to prominent CEOs, it is now announced it is “prohibited” by Islam. According to Middle East Eye and media, Egypt’s Grand Mufti Shawki Allam said in an official fatwa on Monday that trading with Bitcoin was "unlawful" according to Islamic rulings.…

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