Indonesian Islamic Organization Issues New Decree Outlawing Cryptocurrency Investments and Trading

Time:2022-01-19 Source: 838 views Trending Copy share

The Tarjih Council and Central Executive Tajdid of Muhammadiyah, one of Indonesia’s largest Islamic NGOs, issued a new decree against the use of cryptocurrencies on Tuesday, Cointelegraph reported on January 20.

The decree identified two key issues with cryptocurrencies, declaring them illegal as an investment vehicle and a medium of exchange under Islamic law.

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