According to reports, the National Islamic Council of Indonesia declared Bitcoin a restricted zone

According to reports, the National Ulema Council (MUI), the highest Islamic academic institution in Indonesia, has discovered cryptocurrencies like Bitcoin (Bitcoin) Is forbidden or forbidden by the teachings of Islam.

Asrorun Niam Sholeh, chairman of the MUI Fatwa Committee, confirmed that the religious authorities rejected cryptocurrencies because of the so-called “uncertainty, stakes and harm” elements.

According to reports, in order for MIU to recognize encrypted transactions, cryptocurrencies such as Bitcoin as commodities or digital assets need to comply with Islamic guidelines and show “obvious benefits.” According to reports, Sholeh Said After the expert MIU hearing.

MIU discuss Bitcoin, as part of the Ulama Fatwa Committee, aims to resolve some of Indonesia’s largest social, political, economic, and legal issues through the lens of Islamic law.

MIU’s East Java branch previously issued a Decrees“A formal ruling or interpretation made by a qualified legal scholar on a certain point of Sharia law” Announcing a restricted zone for the use of cryptocurrencies Late October.

Although MIU is a government-funded organization, the committee’s latest decision is It is said that Not legally binding.Although MUI admits Decrees According to some sources, it is not a law in Indonesia, but it can still be used as a source of “legislative inspiration.”

According to Bloomberg News, MUI’s latest decision does not mean that all cryptocurrency transactions will stop in Indonesia. However, the committee can prevent Muslims from investing in cryptocurrencies and make local institutions reconsider the issuance of crypto assets.

related: Indonesia leads the surge in global interest in cryptocurrencies

News came soon after Bitcoin briefly broke the $69,000 mark On November 10th, this was the first time in history.

The Indonesian government has a different position on cryptocurrency regulation.Although put one A total ban on cryptocurrency payments in 2017, Local authorities are more willing to keep encrypted transactions legal. In August, local cryptocurrency exchange Pintu raised $35 million Some of the biggest investors from the crypto and blockchain industries.