Crypto czar asks Jamia Darul Uloom to distinguish between speculative crypto, asset-backed tokens

Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib has asked Jamia Darul Uloom to draw a distinction between speculative cryptocurrencies and asset-backed digital tokens, its chief said on Wednesday. The crypto czar told Reuters he had asked for the clarification after the seminary ruled last month that crypto-based purchases were not permissible under Islamic law. The religious decree, or fatwa, has cast doubt on the government’s rapid embrace of cryptocurrency in ...

By none@none.com (Reuters)