Is Cryptocurrency Trading Permissible?

Blockchain technology is developing day by day and its recognition is increasing. And cryptocurrencies, one of the most important elements of this technology, are becoming the focus of attention of individual investors. cryptocoin.com As you can follow from the news, there are individual investors who are billionaires from crypto money transactions, as well as those who have lost all their assets that they have accumulated over many years. Nowadays, the religious dimension of cryptocurrencies is spoken in the Islamic world.

Mustafa Karatas: Cryptocurrency investment is a kind of gamble.

Istanbul University Faculty of Theology Lecturer Prof. Dr. Mustafa Karataş, in a television program he attended, made statements about crypto money, which also attracted great interest from individual investors from Turkey. In his statement, Mustafa Karataş, who evaluates cryptocurrencies from a religious point of view, says that it is “a kind of gamble”. Mustafa Karataş, as a basis for this view, shows that “those who invest in cryptocurrencies expect great income”. The theologian writer, as an example of this situation, reminds those who invested money in holdings with huge profit expectations in the past. The Religious Affairs Presidency High Council of Religious Affairs, which had previously issued a fatwa on the subject, drew attention to some features of the medium of exchange known as money and gave the following statement:

Accordingly, it is not permissible to use digital-cryptocurrencies, which have serious uncertainties in their essence, have a high risk of deception and deception, therefore do not have any assurance and cause unfair and unjustified enrichment of certain segments, such as practices known as the Ponzi scheme in the public.

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