Is It Possible that The Moslem Countries Can Accept The CryptoCurrencies System?

[Otsu]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

There is always a possibility that they will accept cryptos to be part in their economic system because it involves money. And we know how useful money is in the improvement of the economy. What matter most is how will they handle it inorder to have a good results.

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[reality18]

Cryptocurrency does not work perfectly for some particular religion or group of people. Remember, countries are governed by authorities and once the authorities detest cryptocurrency, the religious status of that country does not really matter.

[Netnox]

As far as I know, crypto is not against Islamic law. There is no mention about crypto in the holy Quran or the Hadiths, as it didn't existed 1,200 years ago. If some cleric tells you that crypto is against Islam, then he is lying.

[Bitfling]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

If Government regulate cryptocurrency as currency, i think cryptocurrency halal for muslim country. I am once read that cleric in middle east already made fatwa that cryptocurrency like bitcoin is halal based on sharia

[BagzMM]

I think it's not possible to our brothers and sisters in the Muslim countries as long as it will not against to their beliefs.

[bitcon]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

Cryptocurrency system does not have reservation for any religious kind of economy or country. Even the countries you have mentioned I am certain are already participants of cryptocurrency. It is just left to make it official, which is what every other country is also waiting for.

The author of the thread probably does not know that many Moslem countries actively work with the cryptocurrencies and use the blockchain technologies. United Arab Emirates was one of the pioneers to start dealing with BTC.

[patarfweefwee]

I believe so. For one thing their internet service is hell of a fast beast and they're actually capable of 5g. Next, they're people who focuses more on business than employment, so yeah they couod be a good market for crypto currency. Lastly, they're people. By that logic they also need money to trade products and services, I don't see how religion plays into it.

[Enzos]

The cryptocurrency has nothing to do with any race or any race. Muslim countries also have elites, and they are more likely to buy bitcoin early on, which is very normal. In the future, when Bitcoin takes off again, the cryptocurrency will win the world.

[Ahimoth]

The cryptocurrency has nothing to do with any race or any race. Muslim countries also have elites, and they are more likely to buy bitcoin early on, which is very normal. In the future, when Bitcoin takes off again, the cryptocurrency will win the world.

Any race can accept cryptocurrency even the muslim country as long as they have basic knowledge about it. Also cryptocurrency is for everyone so it mean anyone can accept and adopt it, so there's possibility it muslim can accept Bitcoin to their country. But the only problem is if their government allowed crypto to used in thir country, but for sure once they saw the good side of crypto sure they will accept it.

[sinkfish]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

some does, mostly still reviewing how to make crypto sharia compliance. so far they are interested and the future is bright. still, crypto is a tool of trade. crypto is for everyone, regardless races and religion.

[Bellator]

The cryptocurrency has nothing to do with any race or any race. Muslim countries also have elites, and they are more likely to buy bitcoin early on, which is very normal. In the future, when Bitcoin takes off again, the cryptocurrency will win the world.

Any race can accept cryptocurrency even the muslim country as long as they have basic knowledge about it. Also cryptocurrency is for everyone so it mean anyone can accept and adopt it, so there's possibility it muslim can accept Bitcoin to their country. But the only problem is if their government allowed crypto to used in thir country, but for sure once they saw the good side of crypto sure they will accept it.

It will be very dependent on the regulation by a particular Muslim government on the adaptation of cryptocurrency. Some says that other Muslim countries are already adapting it. We can't tell for sure. But as long as it is not against their belief then it won't be a hindrance for them.

[Rrotess]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

If there is another arab spring which produces widespread independence movements in middle eastern nations, it is possible existing banking systems could be overthrown as people embraced crypto currencies in an attempt to find alternative ways of doing things.

To a degree, middle eastern nations appear to be run by mullahs and religious clerics. I don't know if there is anyone with authority in the middle eastern world who would be pro bitcoin, that other arabs or muslims would listen to.

Middle eastern leaders tend to repress education and information on topics like crypto currencies. If there was a bitcoin following in the middle east it would likely be a small demographic.

It's definitely possible If they want an independent system in their countries.. In that way they can have an easier and developed economic system.

[santiPOGI]

One hundred percent possible, cryptocurrency are not made for religion.
It will not choose any country nor religion. it is meant for all the people in this world.
Adaption and usage of crypto will occur soon in all countries.

[aad140386]

I think that if cryptocurrencies will occupy a significant niche in the modern financial world, then Muslim countries will have to adapt to existing realities. Self-isolation usually ends poorly. Look at North Korea. It seems to me that the leadership of many Islamic countries is no longer so orthodox to exclude the possibility of earning money and improve the lives of the population of their countries. Especially since you can find a compromise between religion and the financial sphere. As far as I know, crypto-exchanges are already emerging, which are going to act in compliance with Sharia law. Abad Solution is an ICO project, which I heard about, but I think it is not the only one.

[Burogh]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

I am once reading article in online media that ulama fatwa in middle east already mention that cryptocurrency is a halal investment instrument. I think its not debateable anymore because its true investment in digital world

Not just in this place you have mentioned, but most of Arab nation and in fact, I recently read news of UAE leaders talking about the general adoption and global regulation of cryptocurrencies as well as blockchain technology.

I believe there is no haram as Muslim so calls it, when it comes to investing in something and as long as it is not a bad means of investment and it is something that has to do with technological advancement, they would most definitely not want to be left behind.

I believe there is not even a single Arab or Muslim nation that is kicking against the idea of blockchain technology and cryptocurrency at the moment, but are rather embracing it.

I am agree, muslim should not kicking againts the idea of blockchain and cryptocurrency. Cryptocurrency is reality in digital world and i think soon and later muslim world will accepting it. If more muslim country implementing cryptocurrency system in their economic system, i am believe corruption can be eliminated

[Pattart]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

There is always a possibility that they will accept cryptos to be part in their economic system because it involves money. And we know how useful money is in the improvement of the economy. What matter most is how will they handle it inorder to have a good results.

I don't think that cryptocurrency is prohibited for use by Muslims. the fact that I am in the largest Muslim country and cryptocurrency is well known here. but there hasn't been any prohibition from certain assemblies to prohibit cryptocurrency. but for implementation it will certainly involve the government not just religion..

[Rashid555]

Yes Crypto is useful for every one and now a days crypto is using in every part of the world and crypto currency exchanges is operating in the Muslim countries and soon they will also establish a good crypto currencies system in the world and after that Muslim countries will use it for international trade as well.

[jojowar]

There is a possibility that the muslim countries can accept cryptocurrency systems because there is no wrong why they do not accept it. We have an equal rights even we have different religion.

[munareal]

There are a few cryptocurrencies projects in the crypto space that is targeting the Muslim population of the world. What they needed is the reassurance that the crypto transaction is in line with their faith

[St4yInTh3D4rk]

This has been discussed many times already I think,yes it can be accepted by anyone if they want since it is not against anything in sharia as far as I know.To be more precise even the current fiat money system is against by sharia since it is controlled by banks but bitcoin is not controlled by anyone and still act as medium for transaction.