Cryptocurrency Halal Islamqa / Adoption In Islam Islamqa The O Guide / Cryptocurrency, bitcoin, ethereum and ripple are now established investment products.. Cryptocurrency is a virtual currency that is secured using cryptography. Is cryptocurrency halal islamqa : Cryptocurrency is based on blockchain technology. In other words, the 'digital cash' philosophy and usage of cryptocurrency are halal, while buying and 'hodling' bitcoin as an investment may not be. However, majority of scholars so far sure that trading in bitcoin is not halal because it has no value in and of itself.
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Bitcoin halal or bitcoin haram is a concept that is not going to be resolved easily.
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Halal or haram, the cryptocurrency is tied up in an islamic economy debate.
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