Bitcoin Declared Sharia Compliant, Opening Crypto Markets to Islamic Finance āThe use of any lawful thing for an unlawful purpose can not make the thing itself unlawful.ā So concludes Indonesiaās Blossom finance, ending a debate in the Islamic world and perhaps even more widely. A couple of Sheiks had previously argued that bitcoin is not sharia compliant because it can be used by criminals, or, echoing general criticisms, because it is volatile, but Matthew J. Martin, CEO of Blossom Finance, says: āRulings by Islamic scholars that claim Bitcoin is not…
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