Do you have to guess?
If somebody is still on this forum and reads this is clear he's not planning on stopping using and trading cryptos because of religion.
The ones that do care about it will of course no longer be here as they are rushing to sell their coins 

From the wiki page I got the feeling that this UFC has no actual legal power, but I got the feeling of some kind of supreme court that has a role in enacting laws or making them unconstitutional or whatever word is used there. So, do they have any saying in the actual making of the laws or are they pure observers?


What does this "inspiration" mean? If they are on the same level as Iran, then it's bad if not...who cares.


The amount of matter, especially taking the form of precious metals, that is catching the eye wherever religion is involved makes me really wonder about this

All governments in Indonesia starting from the regions, provinces and centers they are submissive and obedient to the president and religions in Indonesia which are recognized by the government there are 6 religions.
1. Islamic
2. Protestant
3. Catholic
4. Hindus
5. Buddha
6. Confucianism

That's the point, the majority of Muslims, that's right, this is the advantage of Bitcoin in Indonesia, all religions are allowed to use it, no exception: including Islam, although there are issues about Bitcoin, blah, blah, blah, it's just an issue, in fact the government supports and makes legal laws against several exchanges in Indonesia called (BAPPEBTI).

If discussed further, the story is long between Islam and Bitcoin.
I take an example:
Turkey, Saudi Arabia, Iran, Iraq, Malaysia, Singapore etc, the majority of Muslims, as well as Indonesia.

If you discuss about Islam and other religions such as: Catholicism, Hinduism and so on, you have to study their biblical laws which are prohibited and required, that's the key to the problem.

As far as I know, Islam prohibits usury, meaning that it justifies buying and selling and forbids usury, you can see in the Islamic Al-Qur'an, (just write it on google the law of usury in Islam you will find it).
So, from that law in Indonesia there is controversy from one side of Islam saying Bitcoin is allowed on the condition that buying and selling there is no element of usury, on the other hand Bitcoin is forbidden because it is not real.
It is on this basis that the government made a decision: Bitcoin in Indonesia does not have a single prohibition rule and is legal, meaning: Bitcoin may be used as an investment, trade, etc., at your own risk of loss/profit.

My initial reaction was to search how they view investing in stocks. It is said that it's not haram (generally) but you have to make sure the company issuing the shares aren't into haram activities. Yeah it appears lower probably of losing money like owning a percentage in a business is acceptable whereas investing in more speculative markets isn't.

I don't want to offend anyone, but for me, such laws or guidelines in one religion are completely incomprehensible - because if someone does something completely legal, does no harm to another, or does any harm, why would it be bad to invest in Bitcoin? Everyone in this world has to fight for themselves, and religion should not stand in the way - especially if it forbids things that are basically nothing bad.

I can understand a man who lives by religious principles, but I honestly wouldn’t like to be in the shoes of those who have doubts like this when it comes to Bitcoin - and I personally would start seriously questioning whether my religion wants me good or bad in life. There are a lot of other things that religions can impose or advise their believers, but they shouldn’t tell people what currency to use, or what to do with their money.

Religion and technology never conflict

Not all followers of the religion would adhere to the religion, but we know how Muslims are so obedient with their religion so we have to expect that majority will not invest in bitcoin or use it. This would really be a big hindrance to adoption, but it is what it is, it cannot please everyone but at least we can still achieve the kind of adoption that will make this market grow.

For our Muslim brothers who are here, I'm pretty sure they are investing in crypto, otherwise they would not be in the forum.

Islam and being backwards, name a more iconic duo.

And those clerics are directly benefiting from their people being more poor and uneducated, because that's how they get to keep their power. But maybe Bitcoin will shift perspective of at least a few people out there, regarding their religion.

This is the problem when religion interfere and it greatly cost us before just because of the religion. Their beliefs, all of it, but maybe that was one-sided views to others while some perspective will shift in accordance to their knowledge about the outside world regardless of their religion.

Although, we can't stop them if that was their choice since we aren't stepping on their shoe. All we have to do is to respect their choices and let the individual choose their own choices if they want to break the haram or proceed to do on their own accordance.

Afterall, we are all just humans tend to make mistakes as we learn and grow.

I am not a Muslim but I live in a country where Muslims are the big majority and I have a lot of Muslim friends.A lot of local scholars here declared it forbidden too for the same reasoning as you point out in the first post.However I liked very much the explanation of one of the most well known scholars which he has a magistrate(I think the highest education to Islamic religion) from Saudi Arabia Islamic university.

Many persons asked him what about this new thing,the cryptocurrencies,the Bitcoin.He really easily explained that if a person in Islam buys a good for low price and keeps it to sell it a long time after for a much better price is permitted the same applies to crypto mining clearly making crypto mining allowed.He also said that trading is kinda like gambling which is forbidden.So there are two point of views,mining is allowed while trading isn't.So whoever gets Bitcoin from mining is not forbidden while whoever gets it from trading is clearly forbidden.Hope this helps.