{"id":1021465,"date":"2026-07-16T11:24:36","date_gmt":"2026-07-16T05:54:36","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1021465"},"modified":"2026-07-16T11:24:36","modified_gmt":"2026-07-16T05:54:36","slug":"crypto-is-haram-top-pakistani-cleric-mufti-taqi-usmanis-fatwa-triggers-sell-off-as-regulator-seeks-clarification","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/16\/crypto-is-haram-top-pakistani-cleric-mufti-taqi-usmanis-fatwa-triggers-sell-off-as-regulator-seeks-clarification\/","title":{"rendered":"Crypto is &#8216;haram&#8217;: Top Pakistani cleric Mufti Taqi Usmani&#8217;s fatwa triggers sell-off as regulator seeks clarification"},"content":{"rendered":"<p>The Pakistan Virtual Assets Regulatory Authority (PVARA), the country&#8217;s cryptocurrency regulator, has asked a leading Islamic seminary to clarify the religious status of different types of digital assets after a prominent Islamic scholar declared trading in cryptocurrencies such as Bitcoin, Ethereum and stablecoins to be &#8220;haram&#8221; (forbidden) under Sharia law, according to Reuters.<\/p>\n<p>Bilal bin Saqib, chairman of PVARA, said the regulator requested clarification after Mufti Muhammad Taqi Usmani, one of the Muslim world&#8217;s most influential Islamic clerics, ruled that cryptocurrency transactions are not permissible under Islamic principles, as per the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistan Virtual Assets Regulatory Authority (PVARA), the country&#8217;s cryptocurrency regulator, has asked a leading Islamic seminary to clarify the religious status of different types of digital assets after a prominent Islamic scholar declared trading in cryptocurrencies such as Bitcoin, Ethereum and stablecoins to be &#8220;haram&#8221; (forbidden) under Sharia law, according to Reuters. Bilal bin Saqib, chairman of PVARA, said the regulator requested clarification after Mufti Muhammad Taqi Usmani, one of the Muslim world&#8217;s most influential Islamic clerics, ruled that cryptocurrency transactions are not permissible under Islamic principles, as per the report.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-1021465","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1021465"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021465\/revisions"}],"predecessor-version":[{"id":1021466,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021465\/revisions\/1021466"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1021465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1021465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1021465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}