#PowellWatch Here is a table showing the types of cryptocurrency transactions and their rulings briefly:
Transaction Type Description Legal Ruling Reason Buying and selling cryptocurrencies (Bitcoin, Ethereum, etc.) in cash or by bank card Actual ownership of the currency and holding it or selling it later Permissible because it is like exchanging currencies, provided it is free of usury and prohibitions Long-term investment (holding) Buying the currency and then holding it as an investment asset Permissible It is no different from owning gold or permissible stocks Margin trading Borrowing funds from the platform to trade with leverage Prohibited Due to the presence of explicit usury and gambling Futures & Options Betting on the price going up or down without actual ownership of the currency Prohibited Similar to gambling and betting Participation in prohibited projects (currencies linked to alcohol, gambling, or fraud) Currencies backed by prohibited activities Prohibited Because the asset itself is not permissible Mining Operating devices to solve equations and obtain currencies Permissible If it is not associated with a prohibition (such as electricity theft or usurious contracts)
Would you like me to provide you with practical tips on how to trade in a permissible and safe manner?
