Is PEPE currency forbidden? Discover the reasons that sparked the controversy
PEPE currency gained wide fame due to its rapid rise, but on the other hand, a wave of criticism emerged from a religious perspective, specifically from some scholars and those interested in lawful financial transactions, describing investment in it as "forbidden".
So what are the reasons?
1. The origin of the currency mocks religion and ethics:
PEPE is inspired by the cartoon character "Pepe the Frog," which has historically been associated with mocking and offensive images, some of which contain religious symbols or inappropriate meanings.
2. It is not based on a real project:
The currency does not offer a tangible project or a clear goal, making it closer to "gambling," which is prohibited by Sharia.
3. Sharp fluctuations and deceptive speculation:
It relies on hype and "trending," causing people to pump their money only to profit from spikes, then the majority ends up losing, which falls under the category of consuming people's money unjustly.
4. There is no underlying asset or tangible commodity:
It does not represent any real asset, production, or economic benefit, but merely inflated tokens.
But be careful:
This does not mean that all cryptocurrencies are forbidden; rather, the prohibition is related to the intention of use and the nature of the project, and whether it involves uncertainty, ignorance, gambling, or clear harm.
In summary:
If you are looking for a lawful investment, make sure to choose currencies that offer real projects and steer clear of ambiguities. Do not let greed blind you to your religious commitment.
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