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"Instagram Users React to Unfounded Ban on Crypto Trading in Ingushetia" The newspaper shared the article with Hashtyrov’s comments on Instagram and judging by the reactions, not everyone agrees with his interpretations. As reported by the Caucasian Knot portal, Ingushetians have commented that their country has more pressing issues to deal with than banning crypto transactions. “There are a lot of problems in the republic. But the clergy and authorities are ‘fixated’ on cryptocurrency,” wrote a user with the handle ‘tumgoev_111_06.’ “Ban the sale of alcohol, condemn corrupt officials,” suggested someone named ‘kaddafi.’ “They just found something to talk about and sort out,” added a user called ‘eva_mango.’ Others have challenged the validity of the imposed ban: “I have been trading cryptocurrency for two years! Before I started, I read a couple of articles on Islamic forums, where it was clearly stated that there is nothing forbidden in this, if you don’t trade futures,” noted ‘tsoro.1.’ Then ‘dzurdzuk666’ wrote: Not money, not commodity, in what sense??? If at any time you can exchange it for money and commodity… Paper money is trash too. But we use it. “I wouldn’t say that’s exactly ‘easy’ money. Knowledge and ability are needed to use it. It seems to me that this issue has not been fully studied by theologians,” suggests a female commenter with the Instagram handle ‘angry_hare_4,’ quoted by Caucasian Knot. The portal has also published another, better qualified opinion on the matter, that of Gapur Oziev, associate professor of economics at the International Islamic University in Kuala Lumpur. Oziev, who has been teaching Islamic banking and finance since 2008, was surprised by the Ingush clergy’s decision on the matter. “They have announced a very old version of the fatwa. At the moment, there are a lot of scholars who do not directly prohibit it, although they condemn everything related to cryptocurrency,” he told the online edition. “There are more questions than answers. There are many dubious things, and the hadiths say to avoid the dubious. However, since there is no explicit text in the Sharia under which it would be possible to prohibit cryptocurrency, it’s not worth saying that it is haram,” Oziev emphasized. By; Lubomir Tassev Visit here; https://news.bitcoin.com/religious-ban-on-cryptocurrencies-provokes-social-media-reproach-in-ingushetia/

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