Crypto fatwa sparks debate over Pakistan’s digital asset framework
The Block·
60-second summary
Pakistan's crypto regulator is engaging in talks with prominent Islamic scholar Mufti Taqi Usmani following a fatwa declaring crypto purchases impermissible under Islam. The fatwa's implications on Pakistan's growing digital asset market are significant, with some estimates suggesting over 2 million Pakistanis actively trade cryptocurrencies, sparking debate over the country's digital asset framework and regulatory approach.
Pakistan’s crypto regulator held talks with prominent Islamic scholar Mufti Taqi Usmani after a fatwa declared crypto purchases impermissible under Islam.