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With a burgeoning population and a young, tech-savvy workforce, Indonesia is ripe for fintech growth. In recent years, the country has seen a boom...

Advertisement &nbsp &nbsp Indonesia is considering setting up a national crypto exchange to keep pace with the fast-changing financial landscape. Citing a Wednesday report...

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“We can't let someone who is bigoted about a marginalized community stay the figurehead of a large web3 organization,” said ENS user healingvisions.eth.

Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons why Muslims must avoid investing or using cryptocurrencies. Cryptocurrencies Thought to Be […]

Cryptocurrencies have been declared haram by the Tarjih Council and the Central Executive Tajdid of Muhammadiyah. The Islamic group claimed that cryptocurrencies violated Islamic law on two counts. It would be the third time an Islamic organization has spoken out against the industry, which shows no signs of slowing down in Indonesia. An Islamic group […]

"Tarjih's fatwa stipulates that cryptocurrency is illegal both as an investment tool and as a medium of exchange." These were the words written on Muhammadiyah's official website. 

The fatwa pointed towards two critical issues with cryptocurrencies that make them illegal as an investment tool as well as a medium of exchange.

An Islamic religious organization in Indonesia, one of the countries with the largest population of Muslims in the world, Nahdlatul Ulama in East Java,...