Pakistan's Crypto Czar Discusses Shariah Status of Digital Assets

Crypto czar holds 'constructive' discussion with Mufti Taqi Usmani on Shariah status of digital assets

Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib on Saturday said he held a “constructive discussion” with religious scholar Mufti Taqi Usmani on the Shariah status of digital assets. Their meeting comes after it surfaced that Mufti Usmani and six others had declared purchasing goods with cryptocurrency “impermissible” in a fatwa (religious decree) issued on June 10. It described cryptocurrency as “merely the recording of fictitious numbers in an account”. Subsequ...

By [email protected] (News Desk)