Back to the complete issue
Wednesday, 3 January 2018

Bitcoin trading “forbidden,” Grand Mufti says

Bitcoin trading is “forbidden” under Islamic teachings, Grand Mufti Shawki Allam said, according to the BBC. Trading in the cryptocurrency carried risks of “fraudulence, lack of knowledge, and cheating,” and that risks could arise because was not subject to surveillance by any centralized authority, he says.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594). Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2016 Enterprise Ventures LLC.