Dr. Ziyaad Mahomed on the Permissibility of Cryptocurrency (2018)

In this video, Dr. Ziyaad Mahomed discusses the permissibility of cryptocurrency. After giving an overview of scholars’ rulings on the question, he determines that there is not enough known about cryptocurrency to determine whether its usage is permissible at this time. He adds that users should exercise caution when using cryptocurrency due to its volatility and the lack of Islamic legal standards on the practice.