Scholars differ Money & business
Contemporary scholars differ. Some permit holding and trading it as a digital asset or medium of exchange when it has real use and is traded without interest or deception. Others forbid it because of heavy speculation, uncertainty (gharar), the risk of losing everything and its use in crime. The Quran commands trade by mutual consent without taking wealth unjustly (4:29). Ask a scholar about the specific coin and how you will use it.
يَٰٓأَيُّهَا ٱلَّذِينَ ءَامَنُوا۟ لَا تَأْكُلُوٓا۟ أَمْوَٰلَكُم بَيْنَكُم بِٱلْبَٰطِلِ إِلَّآ أَن تَكُونَ تِجَٰرَةً عَن تَرَاضٍۢ مِّنكُمْ ۚ وَلَا تَقْتُلُوٓا۟ أَنفُسَكُمْ ۚ إِنَّ ٱللَّهَ كَانَ بِكُمْ رَحِيمًۭا ﴿٢٩﴾
O you who have believed, do not consume one another's wealth unjustly but only [in lawful] business by mutual consent. And do not kill yourselves [or one another]. Indeed, Allah is to you ever Merciful.
This is general information, not a fatwa. For your own situation, ask a qualified scholar.
Contemporary scholars differ. Some permit holding and trading it as a digital asset or medium of exchange when it has real use and is traded without interest or deception. Others forbid it because of heavy speculation, uncertainty (gharar), the risk of losing everything and its use in crime. The Quran commands trade by mutual consent without taking wealth unjustly (4:29). Ask a scholar about the specific coin and how you will use it.
