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How is it to trade on Digital Currency

Insurance,Financing Schemes, How is it to trade on Digital Currency

Fatwa No :
78028
| Date :
2024-09-12
جدید فقہی مسائل / جدید معاشیات / معاشی اسکیمز

How is it to trade on Digital Currency

How is it to trade on digital currency exchange?

الجوابُ حامِدا ًو مُصلیِّا ً

It should be known that digital currency has no tangible existence, but is considered a currency only to the extent of its presence in the device and its security, while domestic laws do not allow its use for exchange and buying and selling, and fraud in the name of investing in digital currency is also common. So it is necessary to avoid investing in the aforementioned currencies.

And Allah knows best
ظفراللہ نعمت عُفی عنه
دار الافتاء جامعه بنوریه عالمیه

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