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| 16 January, 2018

Kuwait issues fatwas against Bitcoin trading

Following in the footsteps of Saudi Arabia, Egypt and Palestine, Kuwait joins the Arab countries which have issued fatwas against trading in the virtual currency Bitcoin

A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Image used for illustrative purpose.

A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Image used for illustrative purpose.

REUTERS/Benoit Tessier/Illustration
KUWAIT -  Following in the footsteps of Saudi Arabia, Egypt and Palestine, Kuwait joins the Arab countries which have issued fatwas against trading in the virtual currency Bitcoin, reports Al-Rai daily.

A member of the Fatwa Committee in the Ministry of Awqaf and Islamic Affairs, Dr Ahmad Al-Hajji Al-Kurdi said in a statement he supports the fatwas issued in Egypt and Saudi Arabia which forbid dealing in Bitcoin.

When asked why he supports the fatwa 90 percent in this regard, Al-Kurdi said because trading in Bitcoin is unclear. Egypt said it is dangerous for national security while Palestine said it is a kind of cheating and gambling.

 
 
 
 
 

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