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Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
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\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n

This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n

Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n

This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n

\"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n

Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n

This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n

Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n

\"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n

Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n

This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n

Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n

Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n

\"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n

Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n

This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n

Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n

Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n

Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n

\"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n

Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n

This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n

To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n

Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n

Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n

Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n

\"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n

Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n

This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

Crypto And Islamic Law<\/h2>\n\n\n\n

Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5 6 7 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • Boerse Stuttgart Group obtained a crypto custody license this year. <\/li>\n<\/ul>\n\n\n\n

    Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n

    To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n

    Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n

    Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n

    Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n

    \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n

    Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n

    This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

    Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

    Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

    The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

    In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

    Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

    Crypto And Islamic Law<\/h2>\n\n\n\n

    Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

    Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

    Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 3 4 5 6 7 … 13

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • Munich Re and Boerse Stuttgart plan to offer insured crypto staking in 2024.<\/li>\n\n\n\n
  • Boerse Stuttgart Group obtained a crypto custody license this year. <\/li>\n<\/ul>\n\n\n\n

    Boerse Stuttgart Digital, the German cryptocurrency-focused subsidiary of the Stuttgart Stock Exchange, is gearing up to introduce a fully insured cryptocurrency staking service in 2024. <\/p>\n\n\n\n

    To enhance the safety and attractiveness of its staking service, Boerse Stuttgart Digital has partnered with Munich Re, a global reinsurance company. Together, they have devised an insurance product designed to mitigate the risks associated with slashing in proof-of-stake blockchains.<\/p>\n\n\n\n

    Slashing refers to the penalization of validators who violate network rules or engage in malicious activities, often resulting in the suspension or loss of staked tokens.<\/p>\n\n\n\n

    Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, one of Europe's largest stock exchange groups, ranking as the sixth-largest in the region. Earlier this year, the company secured a digital asset custody license from the German financial regulator, BaFin, through its subsidiary, Blocknox GmbH.<\/p>\n\n\n\n

    Dr. Oliver Vins, the Managing Director of Boerse Stuttgart Digital remarked: \"We are delighted about the deepened partnership with Munich Re, one of the leading and highly regarded reinsurance providers, as it lays the groundwork for delivering a highly secure and insured staking solution to institutional investors across Europe.\"<\/em><\/p>\n\n\n\n

    \"We have noticed an increasing interest from institutional investors in the staking sector, eagerly anticipating the chance to participate, provided they have complete confidence in the security of the environment.\"<\/em><\/p>\n\n\n\n

    Top Financial Institutions Embrace Crypto<\/h2>\n\n\n\n

    This strategic collaboration<\/a> reflects the ongoing trend of established financial institutions strengthening their presence in the digital asset sector. As the cryptocurrency industry continues intertwining with traditional investment services<\/a>, institutions like Deutsche Bank, HSBC, and Franklin Templeton recently ventured into various aspects of the crypto space, including custody, tokenization, and Bitcoin ETFs.<\/p>\n\n\n\n

    Staking<\/a> is a mechanism where individuals lock up their crypto assets for a specified period to contribute to the smooth functioning of a blockchain network. In return for their participation, they receive additional cryptocurrency as a reward. <\/p>\n\n\n\n

    Some of the most popular cryptocurrencies that employ staking as a crucial component of their consensus mechanisms include Solana (SOL) and Ethereum (ETH). In these networks, staking is pivotal in creating a functional ecosystem. Generally, the larger the stake a validator holds, the higher their chances of adding new blocks to the blockchain and earning rewards.<\/p>\n","post_title":"German Financial Giants Enter Crypto Staking With Fully-Insured Offering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"german-financial-giants-enter-crypto-staking-with-fully-insured-offering","to_ping":"","pinged":"","post_modified":"2023-09-19 22:31:05","post_modified_gmt":"2023-09-19 12:31:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13122,"post_author":"15","post_date":"2023-08-28 23:56:29","post_date_gmt":"2023-08-28 13:56:29","post_content":"\n

    The Sultanate of Oman, situated on the southeastern Arabian Peninsula, is intensifying its engagement with cryptocurrency. The government allocated multi-million investments into crypto services this month. This West Asian country is implementing a strategy to establish itself as a digital hub in a highly competitive region.<\/p>\n\n\n\n

    In August, Oman's government unveiled nearly $800 million in new investments for cryptocurrency mining ventures. On August 23, they announced a $300 million partnership<\/a> with the Abu Dhabi-based Phoenix Group to establish a 150-megawatt cryptocurrency mining facility. Oman's inaugural licensed crypto-mining entity, Green Data City, is set to become operational next year. Just weeks prior, Muscat approved a $370 million mining operation operated by Exahertz International. This aims to deploy an additional 15,000 machines by October, as reported <\/a>by local news.<\/p>\n\n\n\n

    Oman's recent ventures into crypto mining coincide with a growing acceptance of cryptocurrencies in the wider region. The development also follows extensive discussions within the Islamic community concerning a fundamental question: Are cryptocurrencies compliant with Islamic principles (halal) or forbidden (haram)?<\/p>\n\n\n\n

    Crypto And Islamic Law<\/h2>\n\n\n\n

    Islamic law, known as Sharia, encompasses financial principles that ascertain various activities' moral permissibility (halal) or prohibition (haram). Due to its frequently speculative nature, cryptocurrency has been deemed impermissible by certain Islamic scholars. This perspective has led to the issuance of fatwas (Islamic legal edicts) by prominent Islamic organizations in countries like Turkey, Egypt, and Indonesia, the world's most populous Muslim nation.<\/p>\n\n\n\n

    Some individuals argue that cryptocurrencies can be considered halal by Islamic law. This perspective arises from the absence of interest (riba) associated with owning tokens like Bitcoin, which aligns with Sharia principles. The growing recognition of cryptocurrency as a form of currency supports the argument that it is halal.<\/p>\n\n\n\n

    Despite rising debate among Islamic scholars, Muslim nations have been among the biggest adopters of cryptocurrency in recent years. <\/p>\n","post_title":"Oman's Significant Crypto Investment Raises Questions On Sharia Compliance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"omans-significant-crypto-investment-raises-questions-on-sharia-compliance","to_ping":"","pinged":"","post_modified":"2023-08-28 23:56:37","post_modified_gmt":"2023-08-28 13:56:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13122","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 3 4 5 6 7 … 13

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n