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Fintech Startup Report Concludes Bitcoin Is ‘Generally Permissible’ Under Sharia Law

Published 04/12/2018, 12:51 PM
Updated 04/12/2018, 02:02 PM
Fintech Startup Report Concludes Bitcoin Is ‘Generally Permissible’ Under Sharia Law
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Blossom Finance, a fintech startup based in Indonesia, has released a report by their internal Sharia advisor that concludes that Bitcoin (BTC) is “generally permissible” under Sharia law, according to a press release published Thursday, April 12.

In late February, Cointelegraph also published a story on whether Bitcoin was halal, including information from Blossom Finance CEO and Founder Matthew J. Martin (also interviewed by CT in 2015), who told CT that not only is Bitcoin halal, it may be even more halal than fiat currencies due to it being based on Proof-of-Work, rather than on debt.

Continue Reading on Cointelegraph

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