Egypt's Top Cleric Declares: Bitcoin Trading 'Unlawful'

in #bitcoin-violates • 7 years ago

This maulha also cited the possibility of a bitcoins for money laundering and said and in the issued fatwa Monday Alam has written that Bitcoin is not a 'acceptable exchange interface' and therefore is illegal for business. It has reported online publication Ahram today. It is called "illegal" by the Egyptian Supreme Court of Sharia law of the religious law of the Grand Mufti Shawki Allam. This bitcoin can potentially weaken the Egyptian economy because it is not subject to any government control.

Source - https://cointelegraph.com/news/bitcoin-violates-sharia-law-says-egypts-highest-religious-official-issues-fatwa

#sharia-law #religious-official #issues-fatwa #busy
7 years ago in #bitcoin-violates by
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     7 years ago 

    Enjoy the vote and reward!

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     7 years ago 

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