The Fatwa Secretary at the Egyptian Fatwa House, Sheikh Muhammad Abdel Samie, said that “Bitcoin is a laundering of forbidden money”, and warned that it comes with a loss of rights and legal violations. Samie answered a question regarding the ruling on investing in Bitcoin digital currencies such as gold, saying: “Gold has its value. Bitcoin is an existing code and its value is in circulation. This means that if there is a high demand, its price rises. It rises because it is considered laundering of illicit money, thus its owners cannot transfer this money in a legitimate and legal manner.” “If piracy occurs on Bitcoin, your rights are lost and you do not even know how to access your money a
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