Quote from: Sithara007 on April 15, 2018, 04:11:34 AM

Quote from: Kevinbind on April 05, 2018, 11:43:39 AM

I saw news from Turkey where two imams were fired because of investing in bitcoin and using it. For me it's a big mistery why islamic countries don't see cryptocurrencies as a normal and innovative phenomenon

I wasn't surprised. Recently, the Turkish Directorate of Religious Affairs (Diyanet) clarified that Bitcoins are not compatible with Islam. The reason being given was that Bitcoins are very prone to speculation.

Quote

Buying and selling virtual currencies is not compatible with religion at this time because of the fact that their valuation is open to speculation, they can be easily used in illegal activities like money laundering and they are not under the states audit and surveillance, Diyanet said, referring to a decision taken at a meeting last Friday.

I heard quite another. I'm not a Muslim so I can't tell exactly whose decision it is. But I have heard that recently it was decided that bitcoin does not contradict Sharia law and it can be used as a currency by Muslims. I do not believe that anyone will abandon bitcoin because of the fact that the clergy forbids it. It's prejudice.