Crypto fatwa sparks debate over Pakistan’s digital asset framework | Crypto Craft

  • Crypto fatwa sparks debate over Pakistan’s digital asset framework

    From theblock.co

    Pakistan’s top crypto regulator called for digital assets to be assessed individually under Islamic law after meeting with a prominent scholar whose recent fatwa broadly rejected purchases made with cryptocurrency. Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib said Saturday that he held a “constructive discussion” with Mufti Taqi Usmani about digital assets and the continuing debate over their Sharia status. Saqib said the two agreed on the need to protect Pakistanis from “fraud, exploitation, and financial harm,” but argued that blockchains, stablecoins, tokenized real-world ... (full story)

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