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Trading in virtual currency is haram.
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I see no material differences between forex trading for the purposes of speculating on price and gambling. Cryptocurrency, bitcoin, ethereum and ripple are now established investment products. To understand whether islam permits the usage of bitcoin, it will be assessed from four angles namely value of money, payment network method, concept of however from the payment network method, bitcoin can be deemed as halal (permissible) as its. Is crypto trading halal or haram?. A fatwa comparison on bitcoin;
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This is because it is not approved by legitimate bodies, such as treasury departments of states, as an acceptable interact of exchange.
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