>"The Shariah Advisory Council of Malaysia's securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country's population are Muslims, many of whom have been reluctant to trade crypto in fear that it might not be Sharia-compliant."

Shariah Council Permits Cryptocurrency Investing and Trading

Source:

The Shariah Advisory Council of Malaysia's securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country's population are Muslims, many of whom have been reluctant to trade crypto in fear that it might not be Sharia-compliant.

This is a hug milestone that has been achieved towards the most awaited and spoken about "mass adoption" the cryptocurrency space has been working campaigning for. With this judgment, one major impediment been plucked out. What remains now is for the governments of especially the world superpowers to give a slight nod, and "voila"! we will be on the way towards replacing of fiat currencies with crypto. This news is really huge!