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, Chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA) Bilal Bin Saqib remarked a short while ago.
Pakistan is setting up a Shariah Advisory Board to provide guidance on transactions involving digital and virtual assets, including cryptocurrencies, Chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA) Bilal Bin Saqib remarked a short while ago.
Article outline
- What happened
- Official response
- The bottom line
Key points
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- Speaking informally to journalists in Islamabad, Bilal remarked he had taken Mufti Taqi Usmani into confidence regarding digital assets and the future regulatory regime.
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- PVARA Chairman remarked the proposed Shariah Advisory Board will provide guidance on digital and virtual asset transactions.
- He remarked the relevant authorities will seek the board's guidance on whether and how such transactions comply with Shariah principles.
He remarked guidance was additionally being sought on matters related to transactions involving digital and virtual assets. Pakistan Has 4 Crore Crypto Accounts.
He remarked the relevant authorities will seek the board's guidance on whether and how such transactions comply with Shariah principles. Stay Connected with ProPakistani.
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Taken together, the developments around mufti Taqi Usmani is Helping Launch Shariah Board for Cryptocurrencies point to a situation that is still moving, and the coming days should bring more clarity.
