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Crypto regulator meets Islamic scholar after fatwa on digital assets
The Pakistani regulator held talks with Mufti Taqi Usmani after a fatwa deemed crypto purchases impermissible under Islam, prompting scrutiny of the country’s digital asset framework.
Pakistan’s crypto regulator has held discussions with prominent Islamic scholar Mufti Taqi Usmani following a fatwa that declared buying cryptocurrencies impermissible under Islam, according to The Block.
The meeting highlights how religious rulings are intersecting with Pakistan’s emerging digital asset framework and the way crypto activity may be interpreted by regulators.
The Block reports the regulator’s outreach reflects the debate over how crypto should be treated within Pakistan, particularly in light of the fatwa’s implications for consumer and market behavior.