Halal crypto-currency can be created in Russia

Baku. 1 November. REPORT.AZ/ Halal crypto-currency can be created in Russia in next two years.

Report informs citing the TASS, Head of the Office of the Muftis, Adviser on Islamic Economy and Finance Madina Kalimullina said.

According to her, if we look at the indicators of digital money, it is also possible that they are halal: "However, the Shariah standards do not cover this area yet.This topic is very actual in Russian Islamic society, especially in the Caucasus.Islamic economists are always discussing this issue".

He said that in recent years, some Islamic countries have established crypto currency exchanges. For instance, BitOasis in Kuwait, Bahrain and Saudi Arabia, Bitcoin in Indonesia and Coinbox in Malaysia.

"The most disturbing feature for Muslims is the lack of a single regulator for crypto currency", she said.