Oct Logo
Search Icon
Oct Logo
Search Icon
Bitcoin iconETH
$0000
arrow icon0.61%
Uzbekistan’s Islamic Authority retracts Crypto fatwa

Uzbekistan’s Islamic Authority retracts Crypto fatwa

Image of Sahil ThakurSahil ThakurNews

Jun 7, 2024

Image of Sahil Thakur

Sahil Thakur

Uzbekistan’s highest Islamic authority has retracted a fatwa against cryptocurrency, blaming “carelessness” for its appearance online and saying it is still studying the issue.

  • The Fatwa Center of the Spiritual Directorate of Uzbekistan’s Muslims issues a post on 3rd June saying cryptocurrencies do not meet the Sharia laws for money.
  •  “signs of gambling” in crypto culture as a basis for deeming it haram.
  • The Fatwa Center noted that religious authorities in various countries, such as Turkey, Egypt, and Jordan, have all provided guidance opposing cryptocurrencies.

On the evening of June 3, the Fatwa Center issued an apology on Telegram for the anticipated ruling, citing “carelessness” and “technical reasons” as the cause.

As of the beginning of 2023, residents of Uzbekistan can legally engage in crypto transactions but only through licensed providers.

Trusted

Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.

Hero Image
Share with your community!
FacebookXLinkedIn
Fetching related reads...
Hero Image
Share with your community!
FacebookXLinkedIn
Fetching related reads...

Fetching related reads