Religious leaders say the uncertainty and instability of the currency makes it akin to gambling
Indonesia has spoken out against using crypto assets as a currency.
The nation’s council of religious leaders has forbidden the use of crypto for Muslims, deeming it as haram or banned under Islamic law.
Head of religious decrees says the elements of uncertainty, wagering and harm make the currency incompatible with Islam…
But if crypto changes to abide by Shariah tenets and can show a clear benefit then Indonesia may reconsider the decision.
The country holds the world’s largest Muslim population with the finance ministry and central bank consulting first with a religious body to ensure Shariah compliance.
