How does Cryptocurrency Work?

According to their Sharia policy, they view crypto as a true currency, or as a digital asset. This risk, along with lack of regulation, can make cryptocurrency haram. Buying cryptocurrency is perhaps most similar to buying stocks and shares, only with much higher levels of risk and uncertainty. So it could be less controversial than loaning money at high interest […]

Is it Legal to Start a Cryptocurrency?

Innovative entrepreneurs can still thrive within this framework. Security Token Offerings (STOs): STOs represent a more regulated form of ICOs, offering greater investor protection. Regulatory Sandboxes: Several countries are adopting “regulatory sandboxes” that allow startups to test their innovative crypto projects in a controlled environment with relaxed regulations. This fosters innovation while mitigating potential risks. As the regulatory environment matures, […]