Quote from: bitcoinrays on September 17, 2018, 06:33:22 AM

Quote from: carlisle1 on September 11, 2018, 01:53:37 PM

Quote from: surfinonmyownwavebaby on June 05, 2018, 04:32:00 AM

It is not only possible but a couple of months ago there was an article written about cryptos in regards to our Muslim friends. Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-islamic-law-muslims-cryptocurrency-market-permissible-sharia-news-price-surge-a8302761.html

Thats right dude,and as far as i remember theres a thread sometimes in july or june that tackles about muslim groups that invested huge amount inside cryptocurrency,so its not just possibilities but it is happening already

Quote from: Malya_alkendy on September 11, 2018, 01:21:48 PM

Very likely, this is because in the view of Islam, Bitcoin and Cryptocurrency in the view of Islamic law it is permissible and not prohibited. of course this will be the reason some Muslim countries will easily be able to accept Bitcoin and Cryptocurrency.

Yups and maybe the only problem about what is the issue if they will engage in gambling inside crypto and thats prohibited and not allowable

It is possible if the European and African countries first accept it fully then after wondering at the success of these countries the Muslim countries will also want to accept this system. It is all about competition between countries and for the development of country everyone wants to apply something to make it better than other countries. Muslim countries will surely accept the Bitcoin if it catches more fire in the Europe and Africa.

Do not forget that development of each country is fully based on the government and how ready they are to provide what is needed for the citizens; which, we both know, most of these governments are simply just after their own pockets. Truth be told, cryptocurrency or blockchain technology will not be able to solve anything in the economic development, if the government is not ready for the development in the first place and with this I am referring to Africa. As time goes on, hopefully there would be a lot of pressure on its adoption, but for now, let's just see how events will unfold.

I thought a news went out recently on the leaders of the Islamic region coming out to say there is nothing wrong in investing in cryptocurrencies and it is never considered a sin in anywhere in the Quran. I am not sure if this was legit news, but as it is, I do not see any problem with Muslim countries adopting cryptocurrency or blockchain technology. Monetary system is evolving and I am sure, as time goes on, they will get to see the benefits it brings and be willing to make use of it to increase further development in their nations