Tag: Indonesia

Fasset, a crypto-asset gateway oriented to the Islamic world, is planning a major expansion, seeking to boost the adoption of cryptocurrencies in Indonesia and Pakistan, where it is still viewed with suspicion. The firm closed a $22 million Series A funding round led by Liberty City Ventures and Fatima Gobi Ventures, as well as regional…

Trading of cryptocurrencies like Bitcoin has been declared forbidden for Muslims by the national council of Islamic scholars in Indonesia, as the popularity of digital currencies grows in the world’s largest Muslim-majority country. How Indonesian Muslim crypto enthusiasts find a way around Islamic fatwa, Erwin Renaldi and Hellena Souisa said on ABC News. Key points:…

In Indonesia, a provincial branch of one the largest Islamic organizations has declared cryptocurrency “haram,” i.e., forbidden under religious law. The decision came as a result of heated discussions with an invited crypto expert. However, the Indonesian government indicated that the country is not planning to follow in China’s footsteps imposing a wide ban on…