Cryptocurrency Q&A
Is Bitcoin halal in Malaysia?｜2.2. 1. The Chairperson of the Shariah Advisory Council of Bank Negara Malaysia (BNM), Dato' Dr Mohd Daud Bakar, said that cryptocurrency and digital currency are permissible from the Shariah perspective, unless there is a legal ban in a particular jurisdiction.Cryptocurrencies and crypto assets are permissible
Is Bitcoin halal in Malaysia?｜2.2. 1. The Chairperson of the Shariah Advisory Council of Bank Negara Malaysia (BNM), Dato' Dr Mohd Daud Bakar, said that cryptocurrency and digital currency are permissible from the Shariah perspective, unless there is a legal ban in a particular jurisdiction.Cryptocurrencies and crypto assets are permissible
ethan_thompson_psychologist
Sat Jun 08 2024
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7 answers
1105
Could you please elaborate on the Shariah perspective towards cryptocurrencies in Malaysia? Does Dato' Dr Mohd Daud Bakar's statement indicate that Bitcoin is specifically considered halal in the country? Additionally, are there any legal bans or regulations in Malaysia that prohibit the use of cryptocurrencies? Lastly, how does the Shariah Advisory Council of Bank Negara Malaysia generally approach the legality and acceptability of digital currencies in Malaysia?
7 answers
BitcoinWizardry
Mon Jun 10 2024
Cryptocurrency, a digital asset designed to work as a medium of exchange, has revolutionized the financial landscape. Its decentralized nature and secure encryption methods have attracted numerous investors and enthusiasts.
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AzureWave
Sun Jun 09 2024
In addition to its trading and wallet services, BTCC offers educational resources and market insights. These valuable tools help traders make informed decisions and navigate the volatile cryptocurrency market.
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DreamlitGlory
Sun Jun 09 2024
Among the various cryptocurrency exchanges, BTCC stands out as a reliable and comprehensive platform. Based in the UK, BTCC offers a range of services tailored to meet the needs of different traders.
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CherryBlossomDance
Sun Jun 09 2024
One of BTCC's core services is spot trading, which allows users to buy and sell cryptocurrencies at current market prices. This feature provides traders with the flexibility to capitalize on market movements.
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Stefano
Sun Jun 09 2024
BTCC's commitment to customer service is also noteworthy. The platform provides responsive support and assistance to its users, ensuring a smooth and seamless trading experience.
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