The title of the article already has a lot of keywords that can help with SEO, so I won’t try to judge this one too quickly. The first sentences are pretty much the definition of click-bait, so I’ll skip to the next one to see what we got. Ah, now it’s about blockchain, cryptocurrencies and Russia. From there, I see we’re about North Caucasus and the Russian government. Aha! So, this is about a religious ban on cryptocurrencies in Russia, and how cryptocurrencies will help Russia avoid the US sanctions. Let’s see… Wow, this really is a click-bait title. Here’s a good comment: Sincerely, the author of the
In a move that is being widely condemned as an infringement on the rights of religious minorities, the Ingush Interior Ministry has prohibited all mosques in the Republic of Ingushetia from accepting donations in cryptocurrencies. The ban comes as part of the Russian government’s wider crackdown on all cryptocurrency-related activity. Intent Linking Intent linking is a core component of the system, as it allows us to take a user’s intent and automatically map it to a corresponding blog post. Intents can be one of two types: Intent – A request for information on a certain topic. Intent – A request for a certain type of information. For each intent, a database of curated related blog posts is used to
Recently, a religious cleric and several imams in Ingushetia, a federal subject of Russia, issued a religious ban on cryptocurrencies. The ban states that the use of cryptocurrency is “contrary to the laws of sharia and the principles of Islam.” The ban has been criticized by cryptocurrency enthusiasts in Ingushetia for being too broad and ambiguous. It is unclear whether the ban is intended to ban all cryptocurrencies or just specific cryptocurrencies or uses of cryptocurrencies.. Read more about bitcoin news and let us know what you think.A decision by a major religious body in Ingushetia to ban cryptocurrency transactions has sparked controversy in the predominantly Muslim Russian republic. Critics took to social media to speak out against the ban, pointing out that the treatment of bitcoin in Islamic jurisdictions is not one-sided.
Islamic cleric explains reason for ban on crypto currency
At a meeting in mid-April, Ingushetia’s alim council voted to ban the buying and selling of cryptocurrencies by the country’s Muslims. Islamic clerics said at the time that they had come to this decision after studying Islamic sources and concluding that the religion prohibits the trading of electronic money. Deputy Chief Mufti Magomed Khashtyrov has since had to explain the council’s position. He told the local newspaper Ingushetia this week that cryptocurrencies have no physical representation as a means of payment and that trading them is different from trading goods on the physical market. The latter is not forbidden to Muslims. The theologian revealed that the council has already intervened in resolving disputes related to cryptocurrency, in one case even between clergy, saying: Only honest work connects people, and easy virtual money brings them together. Mr. Khashtyrov further emphasized that cryptocurrencies are not yet money or commodities. When it becomes a widely available, legally accepted currency with a state guarantee, then we can talk about money, but not today, he said, as quoted by Ingushetia.
Instagram users react to unjust ban on crypto currency trading in Ingushetia.
The newspaper shared the article with Khashtyrov’s comments on Instagram, and judging by the reactions, not everyone agrees with his interpretation. According to Kavkazsky Uzel, residents of Ingushetia said that their country has more pressing problems than the ban on cryptocurrency transactions. There are many problems in the republic. But the clergy and authorities are fixated on cryptocurrency, wrote a user with the pseudonym tumgoev_111_06. Ban the sale of alcohol, convict corrupt officials, suggested a certain Gaddafi. They just found something to talk about and keep themselves busy, added the user nicknamed eva_mango. Others question the validity of the ban: I’ve been trading crypto-currencies for two years! Before I started, I read a few articles on Islamic forums that made it clear that nothing was prohibited unless you trade futures, tsoro.1 noted. Next, dzurdzuk666 wrote: No money, no goods, in any sense ????? If you can exchange them for money and goods at any time… Paper money is also wasteful. But we use it. I wouldn’t exactly call it easy money. It requires knowledge and the ability to use it. It seems to me that this question has not been fully explored by theologians, suggests a commentator under the pseudonym angry_hare_4, quoted by Caucasian Knot. The portal also published another, more nuanced opinion on the issue, that of Gapur Oziev, associate professor of economics at the International Islamic University in Kuala Lumpur. Oziyev, who has taught Islamic banking and finance since 2008, was surprised by the Ingush clergy’s decision on the matter. They proclaimed a very old version of the fatwa. Currently, there are many academics who do not directly ban them, although they condemn everything related to cryptocurrencies, he told an online publication. There are more questions than answers. There are many doubtful things, and the hadith says to avoid doubtful things. However, since there is no direct text in the sharia that cryptocurrencies could be banned, we should not say that they are haram, Oziev stressed. What is your opinion on the ban on cryptocurrencies imposed by Islamic clerics in Ingushetia? Share your thoughts on this topic in the comments section below.
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Alimov, ban, commenters, comments, advice, crypto currency, crypto currency, exchange, fatwa, hadis, haram, ingush, ingush, Instagram, Islam, Muslims, teacher, ban, purchase, feedback, religion, Russia, Russian Republic, sale, scholars, sharia, social media, trade. Photo credit: Shutterstock, Pixabay, Wiki CommonsThe Chechen Republic, the center of the world’s Muslim population, has officially forbidden the use of cryptocurrency as a means of payment in the wake of the Russian government’s plans to legalize the use of cryptocurrencies in 2018. The head of the Chechen Republic, Ramzan Kadirov, signed a resolution on November 28, 2017, stating that using cryptocurrency as a legal tender is a violation of Sharia law and thus prohibited in the region.. Read more about crypto ban and let us know what you think.
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