Shariah

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Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims

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Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements of uncertainty, wagering, and harm. Cryptocurrency Is Forbidden for Muslims Under Islamic Law in Indonesia Indonesia’s Ulema Council (Majelis Ulama Indonesia or MUI), the country’s … Read more

The Daily: Proxy Bitcoin, Simjacking, Zencash Becomes Horizen

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In today’s Bitcoin in Brief, we’ve got details of a new interoperability alliance to create proxy tokens such as bitcoin that can be represented on a single blockchain. There’s also news of UAE’s first Shariah-compliant exchange, more simjacking shenanigans, and Zencash has a makeover. We’ve got a lot to chew over, so let’s tuck in. … Read more

The Daily: Binance Tracker Available in Beta, New Crypto Exchange Ready in Two Weeks

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Leading cryptocurrency exchange Binance has announced the launch of its new market intelligence app in beta. The mobile tracker is available for Android and iOS. Also in The Daily, an IT company offers a platform to build a crypto exchange in just two weeks, Shariah compliant trading platform promises to bring Muslim crypto enthusiasts into … Read more