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What is the Islamic ruling on crypto currencies?

What is the Islamic ruling on?

Cryptocurencies? rolling on So, the rhe,

in the hilah him,

that's no,

I'm gonna agree, pla, to Allah thikriya, pothum la t'a'a'a'a'a'u'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a'a So, uh, crypto currencies are a new form of decentralized commodities and the point of

crypto currencies is to be a type of currency that is not backed by a government.

It's not backed by a known institution. It's not backed by the banks.

And it is created by groups of people that generally speaking are not too sympathetic to banks and governments

And of course the first and most famous cryptocurrency is created by the Japanese Satoshi or it's obviously not an actual name it's his

Studonym and he created of course the famous Bitcoin and from the success of Bitcoin

There were some people who became multi-millionaires by investing a thousand dollars, a thousand dollars, and they became, you know, multi-millionaires after ten years.

So when Bitcoin went up so the the Bitcoin is the most

famous example of cryptocurrency. It opened the door for not hundreds, thousands of

different crypto currencies. So last year the Fikk thousands of different cryptocurrency.

So last year the Fich Council of North America

dedicated a significant amount of time to talk about

crypto currencies in our meeting, in our our annual meeting and we went over this

issue in a lot of detail and by unanimous consensus we issued a fatwa to be more precise we will be issuing a fatwa within a week or two, but the

fatwa has been finalized.

I have drafted the initial draft is just going to be circular amongst other members and

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