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

Categorized in : World

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