Mufti Taqi Usmani is Helping Launch Shariah Board for Cryptocurrencies
Pakistan is setting up a Shariah Advisory Board to provide guidance on transactions involving digital and virtual assets, including cryptocurrencies, … Read More The post Mufti Taqi Usmani is Helping Launch Shariah Board for Cryptocurrencies appeared first on ProPakistani .
In an announcement from the Pakistan Virtual Asset Regulatory Authority (PVARA), Chairman Bilal Bin Saqib revealed that a Shariah Advisory Board is being established to provide guidance on transactions involving digital and virtual assets, including cryptocurrencies. Bilal disclosed that he had consulted Mufti Taqi Usmani, the prominent Islamic scholar, regarding the digital assets landscape and the forthcoming regulatory framework.
Guidance is being sought from the Advisory Board on matters pertaining to transactions involving digital and virtual assets. The proposed board will offer advice to the relevant authorities on whether and how these transactions align with Shariah principles. This initiative was highlighted in a recent article by ProPakistani.
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