‘Bitcoin Banned By Islam’: Egypt’s Grand Mufti Issues Fatwa Against Cryptocurrency

The Egyptian Grand Mufti has issued an official fatwa, banning bitcoin which soared in value over the $20,000 mark in December. Trade in cryptocurrency is similar to gambling, which is forbidden in Islam, he said. The fatwa was issued after consultations with several economic experts, Egypt’s Grand Mufti Shawki Allam said on Monday, as cited by Ahram […]

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