President of Religious Affairs Announced: Is Cryptocurrency Permissible?

With the popularization of the crypto money ecosystem, which includes Bitcoin and altcoins, “Is cryptocurrencies permissible?” in our country. The question has been on the agenda for a while. President of Religious Affairs Ali Erbaş made statements about this in a live broadcast he attended. “As of now, we cannot say that it is not permissible,” Erbaş said. Here are the details…

Ali Erbaş explained whether cryptocurrencies are permissible

As Bitcoin and altcoins gained momentum in the first half of last year, the popularity of the coins in Turkey increased. This raised the question of whether cryptocurrencies, which made some millionaires, are permissible. President of Religious Affairs, Ali Erbaş, touched on this issue in a live broadcast he attended recently. According to Erbaş, “it is considered that the use of crypto money is not permissible as it is not reliable as of now”. Erbaş also underlines that there is no clarity on this issue at the moment.

Ali Erbaş draws attention to the reasons such as the lack of an environment where people can use crypto money “very comfortably and safely”, and therefore the possibility of investments causing abuse and the possibility of harming people. It is stated that “it cannot be said that it is permissible at the moment” because such a damage is in question. Erbaş says that they gave this subject to an assistant expert as a thesis topic, that it was prepared as a thesis. In general, he concludes this topic by stating that they cannot say “permissible” for cryptocurrencies at the moment.

Visiting the Kaaba with Metaverse was also on the agenda

cryptocoin.com As we have reported recently, the Kaaba had become an accessible place through the metaverse. This situation raised the question of whether the pilgrimage would take place by going to the Kaaba via the metaverse. Many experts stated that this would not replace a real worship, but it was stated that it was a good opportunity to see the Kaaba spiritually.

Is Virtual Hajj Accepted With Metaverse?  Theologians Commented!

While Metaverse became popular, Minister of Religious Affairs Ali Erbaş stated that “the conditions of pilgrimage must be fulfilled”. For this reason, he pointed out that it is not possible for the metaverse to replace worship, and there will be no virtual pilgrimage and worship.

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