Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed buying and selling with cryptocurrencies impermissible. This declaration, which said that cryptocurrency buying and selling violated Sharia regulation, was mistakenly launched on social media attributable to an oversight. In response, the Fatwa Heart issued an announcement titled “Correction and Apologies.” The assertion disclosed that Sheikh Nuriddin Khaliqnazar, the director of the Fatwa Heart, and his deputies are presently on a holy pilgrimage. The assertion additional elaborated: “The scientific analysis associated to this fatwa undertaking has not but concluded, and we’re conducting in depth research on modern points. We apologize and guarantee you that the scientific analysis on this fatwa can be accomplished and revisited sooner or later.” Initially, the Fatwa Heart had argued that the risky pricing and playing associations of cryptocurrencies have been in battle with Islamic regulation.
Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology
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