Jurisprudential review of cryptocurrencies, focusing on the problems caused by the unit of exchange and their electronic structure
Virtual currency was proposed with the aim of facilitating financial affairs and creating money without the presence of intermediaries and by people in the community. This type of money has no central service provider or financial institution to control the transfer; Because everything is based on peer-to-peer communication. Now, since the use of digital or electronic currencies in the domestic and global markets is expanding rapidly, we are forced to discuss and research its various aspects from a jurisprudential point of view. Let's know its nature and special features - that the inference of Sharia rulings is possible only through its identification. After clarifying the various aspects of these currencies, we find that many of the doubts that have arisen about their legitimacy are due to the lack of knowledge of the nature and technology of their production and exchange with them based on this technology. The ruling on the sanctity of cryptocurrency mining operations and the sanctity of transactions with them is very difficult from the perspective of Imamiyah jurisprudence in terms of the first ruling. In this article, an attempt is made to check the accuracy of transactions with cryptocurrencies using the method of ijtihad and to answer all the problems related to it.
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