Islamic Perspective – Crypto Currency
- September 9, 2021
- Posted by: global361
- Category: Blockchain
The issue of cryptocurrency as money is an interesting issue. This is because cryptocurrency was based on cryptography in the financial system. The value calculation of cryptocurrency is also based on an algorithm in the system of the blockchain. The blockchain is claimed to have some advantages as it is a safe, undeleted, complicated, and efficient system. To meet the criteria of a tool of exchange or money in Islamic teaching, money has to be stable, safe, and effective. Cryptocurrency may have some money characteristics, but it needs further research to see the characteristic of this “money.” In general, there are three groups regarding cryptocurrency: the cons, the pros, and the neutral group.