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BITCOIN IS NOT CURRENCY

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The notion that bitcoin or any other form of crypto ‘currency’ is real currency is baseless. This idea is based on lack of understanding of the issue. Only if the government declares bitcoin to be legal currency, will it assume the status of currency in terms of the Shariah.

Presently it is ignorance to understand that bitcoin is currency.  Only if an ordinary illiterate is able to buy a loaf of bread with bitcoin will it be understood that this plot of the Yahood and other sinister forces has attained the status of currency despite the massive fraud and satanism underlying it.

As the position stands currently, bitcoin is a huge gambling and riba conspiracy. It is not trade. It does not involve exchange of material commodity. It is pure gambling.

The contention of ‘secrecy’ ascribed to it is also a massive deception. There is no secrecy and no confidentiality in this system. The sinister forces who are responsible for this new artefact of satanism have lured people into this scam to commit deals and acts which are proscribed in terms of western law and policies. Thus, persons who have made ‘secret’ transfers of funds via this shaitaani, Yahoodi system have been arrested. Whatever is done via this system is recorded by the sinister forces. Be in no doubt and do not labour in darkness and stupidity in this regard.

One Pakistani Sister who had effected transfer of funds via the bitcoin system is currently in jail in New York awaiting trial. If she is found guilty in terms of the unjust kuffaar law, she will spend the rest of her life in the torturous jails of the U.S.A. May Allah Ta’ala have mercy on her.

CURRENTLY BITCOIN IS HARAAM. IT IS NOT CURRENCY. IT IS NOT PERMISSIBLE FOR MUSLIMS TO INDULGE IN THIS GAMBLING RACKET.

28 Rabiyuth Thaani 1439 - 16 January 2018

 

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