Crypto and Faith in Pakistan | Bitcoin and Crypto News

Pakistan’s virtual-asset regulator Bilal bin Saqib engaged in a pivotal dialogue with Islamic scholar Mufti Taqi Usmani, who recently ruled that cryptocurrency purchases—including stablecoins—are impermissible under Islamic law. While not disputing the ruling, Saqib urged ongoing collaboration among scholars, regulators, and tech experts, stressing that blockchain and digital assets demand nuanced, case-by-case analysis rather than a one-size-fits-all religious verdict. This conversation unfolds as Pakistan moves toward a regulated crypto sector, having lifted an eight-year banking ban and enacted its Virtual Assets Act, aiming to balance innovation, financial protection, and religious compliance. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0e6c46100a466382