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Is this right time to Invest in Crypto? from blog.bitbaazi.com Is it halal to invest in bitcoin? Investing in cryptocurrencies and initial coin offerings (icos) is highly risky and speculative, and this article is not a recommendation by investopedia or the writer to invest in cryptocurrencies or icos. Is bitcoin mining or trading haram? Are these elements present in crypto staking? Initial cryptocurrency investments can be made via a traditional exchange, by funding an account with the currency of your choice, or by buying coins, such as bitcoin or ethereum, and using that to invest in other. The news comes as a positive development for bitcoin, as it opens up the cryptocurrency market to a wider audience, especially investors from countries such as malaysia. Whereas there are a few who have marked cryptocurrency as halal, which means it is permissible. In trying to understand whether bitcoin should be considered halal by muslims, it is important to first understand how currency is viewed in the islam religion.
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