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Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology

Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues ApologyUzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response, the Fatwa Center issued a statement titled “Correction and Apologies.” The statement disclosed that […]

Bitcoin Technical Analysis: Oscillators Indicate Neutral Momentum

Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency

Islamic Organization in Indonesia Issues Fatwa Against CryptocurrencyA provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a crypto expert who was invited to explain in detail the practice of using digital coins. Cryptocurrency Deemed ‘Haram’ in Indonesia The local branch of the […]

Bitcoin Technical Analysis: Oscillators Indicate Neutral Momentum

Religious Ban on Cryptocurrencies Provokes Social Media Reproach in Ingushetia

Religious Ban on Cryptocurrencies Provokes Social Media Reproach in IngushetiaA decision by a prominent religious body in Ingushetia to prohibit dealings with cryptocurrency has sparked controversy in the predominantly Muslim Russian republic. Critics have taken to social media to express their disagreements with the ban, pointing out that the treatment of bitcoin in Islamic jurisdictions is not one-sided. Islamic Cleric Explains Reasoning Behind Crypto […]

Bitcoin Technical Analysis: Oscillators Indicate Neutral Momentum