Assalamu alykum,
What is the ruling with regards to cryptocurrency transactions (i.e. Bitcoin)?
What is the ruling with regards to cryptocurrency transactions (i.e. Bitcoin)?
1 Answer
Waalykum assalam,
According to Grand Ayatollah Sayyid al-Khamenei (may the Almighty prolong his life):
Since His Eminence Syed al-Qaid (may the Almighty preserve him) has not expressed any position regarding cryptocurrency transactions, you may either observe precaution with regards to this ruling and not perform any such transactions, or may refer to another scholar who meets all criteria pertaining to giving religious decrees [ifta'] while ensuring [that the scholar being referred to is tantamount to] following the next most learned scholar.
According to Grand Ayatollah Sayyid al-Sistani (may the Almighty prolong his life):
His Eminence (may the Almighty prolong his life) does not express an opinion in this regard, and so you may refer to another source of emulation [marji'] in this regard while fulfilling all conditions [of referral to another marji']
According to Grand Ayatollah Sayyid al-Hakeem (may the Almighty have Mercy upon him):
Cryptocurrency transactions are permissible in and of themselves, however they could result in exposing the wealth of the believers to the risk of loss, as such, caution is necessary.
May the Almighty grant you tawfeeq in all of your affairs