Martino
Sat Jun 08 2024
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5 answers
1637
Is cryptocurrency illegal in Islam?｜Islamic banking laws are also anti-interest so the technology, pricing, and buying and selling of cryptocurrency money is deemed halal by many Islamic scholars who rely on the teachings of Prophet Muhammad PBUH when seeking guidance about permissibility (ultimately, only Allah knows best).
Could you elaborate on the legality of cryptocurrency in the Islamic context? Islamic banking laws forbid interest, so how does this align with the practice of pricing and trading cryptocurrency? Many Islamic scholars seem to consider it halal, but what is the basis for this interpretation? Do they draw from the teachings of Prophet Muhammad for guidance? And ultimately, who determines the permissibility of cryptocurrency in Islam?
Caterina
Sat Jun 08 2024
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6 answers
1517
Does Philippines accept crypto?｜In the Philippines, ; however, crypto coins are not considered 'legal tender' as they are not issued by the BSP. In 2021, the Central Bank released the Guidelines for VASPs.cryptocurrency transactions are legal
Does the Philippines officially accept cryptocurrencies? While crypto coins are not recognized as 'legal tender' in the Philippines since they are not issued by the Bangko Sentral ng Pilipinas (BSP), the Central Bank did release Guidelines for Virtual Asset Service Providers (VASPs) in 2021. Does this mean that cryptocurrency transactions are considered legal in the country?
Nicola
Sat Jun 08 2024
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5 answers
1318
Can Japan invest in cryptocurrency?
Could you please elaborate on the following question: "Can Japan invest in cryptocurrency?" I'm curious to know about the legality and feasibility of cryptocurrency investments in Japan. Are there any specific regulations or policies governing such investments? Are there any tax implications that investors should be aware of? Additionally, what are the popular platforms or exchanges that Japanese investors typically use for cryptocurrency trading? I'm interested in understanding the overall environment and opportunities for investing in cryptocurrency in Japan.
Federico
Sat Jun 08 2024
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5 answers
1265
Is crypto legal in Germany for foreigners?｜Yes, cryptocurrency is legal in Germany. The BaFin crypto regulations and KWG (German Banking Act) state individuals and businesses may buy, sell, and trade cryptocurrencies. However, cryptocurrencies are not recognised as a form of legal tender in Germany.
Is it permissible for foreigners to engage in cryptocurrency transactions in Germany?｜Absolutely, cryptocurrency transactions are permissible for foreigners in Germany. According to the BaFin crypto regulations and the German Banking Act (KWG), both individuals and businesses are free to purchase, sell, and exchange cryptocurrencies. Nevertheless, it's worth noting that cryptocurrencies are not officially recognized as a form of legal tender within Germany.
IncheonBeautyBloomingRadianceGlow
Sat Jun 08 2024
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5 answers
1067
What is the official crypto of China?
Could you please explain what the official crypto of China actually refers to? I've heard some discussions about it but am still unclear about its exact nature. Is it a specific type of digital currency that is officially recognized or sanctioned by the Chinese government? Or is it a more general term used to describe the cryptocurrency landscape in China? Could you elaborate on this matter and provide some insight into the official stance of the Chinese government towards cryptocurrencies? Thank you for your clarification.
