On Thursday, the start-up of Blossom Finance, with mufti Muhammad Abu Bakar at the position of an adviser, published a study according to which bitcoin is recognized as Islamic money, if the local government does not ban the use of such financial technology. The study provides evidence that trading coins do not contradict Sharia law that prohibits partially surfaced banking transactions. However, the study said that ICOs were very vague and they were not recommended to Muslims.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-price-has-risen/
