Crypto Ban in Indonesia: World’s biggest Islamic nation directs Muslims not to buy cryptocurrencies
Shortpedia
Content Team
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Despite the rising popularity and adoption of Bitcoin and other cryptocurrencies, Indonesia has decided to sail against the wind. The world’s largest Islamic nation’s council of religious leaders has forbidden the use of crypto assets as a currency for Muslims, according to a report by news agency Bloomberg. The religious council, the National Ulema Council, or MUI, has deemed cryptocurrency as haram, which means banned in Islamic.
