Investing in crypto
Question
In crypto-mining, there is something called “staking” which is basically an investment to confirm the transactions on a blockchain. After the transaction is confirmed in this manner, a fee is paid to the validators for this. Is staking in the validator’s pool in this way permissible?
Answer
We do not approve of investing in crypto currency, hence we advise abstention.
- Answered by
- Mufti Mohammed Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Ifta Ibn Masood. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.