Can Usury Apply to Cryptocurrency?

Answered by Shaykh Yūsuf Badāt Question: Why is lending cryptocurrency and earning interest on them ḥarām forbidden? Is it not a commodity and not a currency? Answer: بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allāh, Most Gracious, Most Merciful. Jazāk Allāh Khayr/ Thank you for contacting Mathabah Institute. Bitcoin and or cryptocurrency has been…