Quote from: GbitG on Today at 08:04:49 AM

Quote from: shahzadafzal on Today at 06:14:22 AM

Quote

The National Ulema Council of Indonesia has reportedly declared cryptocurrencies as haram (illegal) and prohibited Muslims from trading due to their features of uncertainty, betting, and harm.

Talking to media persons, Secretary Fatwa Commission of Indonesian Ulema Council, Asrorun Ni’am Sholeh, said the digital assets and cryptocurrencies in general exhibited “elements of uncertainty, wagering, and harm”, and hence were banned for Muslims.

The cryptocurrencies have apparently failed to qualify for authenticity under the Islamic rules in Indonesia. There is a considerable debate and delay on the approval of the said technology.

https://propakistani.pk/2021/11/12/muslims-ordered-to-take-out-money-from-haram-cryptocurrencies/?fbclid=IwAR1djXHdftLRn2-GA2xpTZdb5VIOw7LGxJ_rfpgpf13vuW1O8FsR6VOn7As

This is just because of lack of knowledge about this cryptocurrency, there is nothing haram in this, it's just their own view. I don't want to go in long discussion, but one thing is clear these ulemas are never been in favour of this latest technology they have done many things against common Muslims will, so please ignore this all and talk about better way of adoption about this crypto technology.
These ulema call Sir Sayyed Kafir and then adopt his all way of having the latest education and now following his footstep, but we are nearly 100 years behind those have good education from our forefathers. So please ignore these things and try to spread this in new generation for better and solid future.

I agree with you. These ulemas do not know about cryptocurrency so they call it haram. If it is haram, then gold will be haram.
The stock market will be haram as well. I think the stock market and cryptocurrency work almost the same way.
When the purchase order in a currency is high, the price goes up. Similarly, when a lot of people start buying shares of a company, its share price goes up.
What do the ulama say about this?