Mohammad Javad Azari Jahromi

Some of our top clerics have issued fatwas that say Bitcoin is money without a reserve, that it is rejected by Islamic and cybercurrencies are haram, when we explain to them this is not a currency but an asset, they change their mind.

Mohammad Javad Azari Jahromi

Cybercurrencies are effective in bypassing sanctions when it comes to small transactions, but we do not see any special impact in them as far as mega-transactions are concerned, we cannot use them to go around international monetary mechanisms.

Mohammad Javad Azari Jahromi