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Indonesia's ulema council has stated that cryptocurrency is banned for Muslims

Indonesia's National Ulema Council (MUI) has banned the use of cryptocurrency as a form of currency. The council held an expert hearing on the subject on Wednesday, and the results were announced on Thursday. MUI is in charge of Shariah compliance in Indonesia, which has the world's largest Muslim population. It does not imply that all cryptocurrency trading in Indonesia would be halted.
 

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