$HARD
Why is $HARD a forbidden or a rumor? Follow me
Hard currency is not widely known as a popular cryptocurrency or traditional currency, and there may be a misnomer or confusion about it. If you are referring to a specific digital currency or financial technology, it is important to clarify.
The prohibition of cryptocurrencies or digital currencies such as Bitcoin and others sometimes depends on:
1. Lack of legal regulation: Some authorities consider digital currencies illegal or lack a clear regulatory framework.
2. High speculation: Cryptocurrencies are often used for speculation, which can lead to significant losses.
3. Lack of real assets to support them: Most cryptocurrencies do not have physical assets or collateral to support their value, making them vulnerable to volatility.
4. Possibility of being used in illegal activities: such as money laundering or financing terrorism.
5. Suspicion of usury: In some cases, cryptocurrency returns may be considered illegitimate according to some jurists due to the nature of trading or lending in them.
6. Ambiguity and uncertainty: Cryptocurrencies are often not fully understood by the general public, raising legal issues related to ambiguity and uncertainty.
Islamic Sharia Position
There is a difference in fatwas on cryptocurrencies; some scholars consider them halal if they meet certain conditions (such as transparency and legitimate use).