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/biz/ - Business & Finance


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5964927 No.5964927 [Reply] [Original]

Egypt’s Grand Mufti issues fatwa against cryptocurrency

>The Egyptian Grand Mufti has issued an official fatwa, banning bitcoin which soared in value over the $20,000 mark in December. Trade in cryptocurrency is similar to gambling, which is forbidden in Islam, he said.

>The fatwa was issued after consultations with several economic experts, Egypt’s Grand Mufti Shawki Allam said on Monday, as cited by Ahram newspaper. Egypt’s legitimate bodies do not consider trading a virtual currency like bitcoin to be acceptable, he said, and the use of cryptocurrencies “impinges on the state's authority in preserving currency exchange.”

HOW WILL THIS AFFECT MY REFUGEE CITIES?

https://www.rt.com/business/414903-egypt-mufti-ban-bitcoin/

>> No.5965020

Is this the end of Bitcoin?

>> No.5965270

>>5964927
Good. Crypto is only for American white males and the Chinese.

>> No.5965308

Islam is a mental disorder

>> No.5965371

>>5964927
Good, let them stay poor.

>> No.5965475

>>5964927
The states authority to issue paper money.

If they truly were concerned they'd implement the gold dinar.

>> No.5965504
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5965504

>the year of our Lord Jesus Christ, 2018
>Governments still think you can ban crypto

>> No.5965518

>>5964927

THIS JUST IN! MENTALLY ILL ISLAMIST SAYS THINGS A MENTALLY ILL ISLAMIST SAYS!

>> No.5965550

They need to ban goat fucking.

>> No.5965569

>>5964927
sand niggers have never been in the game anyways

>> No.5965620

>>5965308

more like islam causes mental disorders via violent indoctrination from childhood to beheading

>> No.5966122

Zero legitimacy behind this state-sponsored, puffed up "Mufti."

As someone stated previously, if the Egyptian government were "Islamic" that would be using gold (and silver/copper) for currency.

>> No.5966349

Islam is a disease