Turkey Religious Ministry: Bitcoin “Not Appropriate to Buy or Sell” for Islamic Believers

Diyanet İşleri Başkanlığı (Ministry Presidency of Religious Affairs) of the Republic of Turkey has issued the guide “Bitcoin and Ethereum, such as Virtual Money for Investment: Is [it] Possible to Buy?” In it, the religious authority warned “it is not appropriate to buy or sell virtual moneys” for Islamic believers, reports a translation by En Son Haber. The Diyanet further explained believers are to avoid currencies not backed by the state or central authority.

Islamic Religious Body of Turkey Forbids Crypto

Known as the Diyanet, Turkey’s religious authority weighed in on cryptocurrency use when it comes to being faithful to both Islam and the state. The Diyanet has jurisdiction “related to the beliefs, worship and morals of Islamic Religion, to enlighten the society about religion and to manage places of worship,” according to its website…

Read Full: Turkey Religious Ministry: Bitcoin “Not Appropriate to Buy or Sell” for Islamic Believers