Major Indonesian Islamic organization declares crypto ‘haram’ — Or
![Major Indonesian Islamic organization declares crypto ‘haram’ — Or forbidden](https://i-invdn-com.investing.com/news/Cryptocurrencies_800x533_L_1556528074.jpg)
The East Java branch of one of Indonesia’s largest Islamic organizations Nahdlatul Ulama (NU) has issued a fatwa deeming the use of cryptocurrency “haram,” or forbidden, under Islamic law.
A fatwa is a nonbinding legal opinion on Islamic law, which is reached through a discussion called a bahtsul masail. Representatives from the Nahdlatul Ulama Branch Management and several Islamic boarding schools throughout East Java attended the bahtsul masail.
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