Explained: Why a Pakistani cleric issued fatwa against crypto trading and why it is spooking investors

3 hours ago

A prominent Pakistani Islamic cleric has issued a fatwa declaring cryptocurrency trading haram under Sharia law. Mufti Muhammad Taqi Usmani, whose AAOIFI rulings guide over 200 Islamic financial institutions globally, said cryptocurrencies do not qualify as wealth or property under Islamic law.

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Explained: Why a Pakistani cleric issued fatwa against crypto trading and why it is spooking investors

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