Is Crypto Currency Halal?

The European Central Bank explains virtual currency as a “digital representation of value that is neither issued by central bank or a public authority, nor necessarily attached to a fiat money or currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically”. Examples for virtual currencies include non-cryptocurrencies (e.g. in-game credits) and crypto currencies such as Bitcoin, Litecoin, Stellar and many more.

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