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Is the purchase or sale of bitcoins allowed in Islam? Does it make a difference if they are used to make online transactions or accumulated for an expected rise in value against regular fiat currencies?

CryptocurrencyFiat money
Is the purchase or sale of bitcoins allowed in Islam? Does it make a difference if they are used to make online transactions or accumulated for an expected rise in value against regular fiat currencies?
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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 year ago

Buying and selling Bitcoins and other crypto currencies is allowed just like buying and selling any other coin.  

Wassalam.

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