#Crypto Pakistan at the crossroads of crypto and Sharia; A fatwa was issued against digital currencies! 🇵🇰 While the government of Pakistan has tried in recent months to make itself one of the emerging destinations of the crypto industry by developing new laws and creating regulatory institutions, a new religious fatwa may face a serious challenge to this path. 💬 The fatwa published by a group of scholars from the Karachi Dal Uloom Center with the participation of Mufti Muhammad Taqi Usmani, one of the most influential Sunni scholars in Pakistan, says that digital currencies are not considered "property" in terms of Islamic jurisprudence in the current situation and therefore cannot be a valid means of payment. However, the Pakistani regulator believes that this should not mean treating all digital assets equally. Read the details of this fatwa and the reaction of the Pakistani authorities in this report.
