Contrary to the popular belief that crypto
currencies are a fad, crypto currencies are here to stay.
The potential for crypto currencies in Islamic finance
is massive as it would allow investors to participate in
beneficial projects anywhere in the world. Though they
are largely unregulated and not considered a legal
tender in many jurisdictions yet. Many countries have
put a stand on cryptocurrencies, while others have not.
Critiques and scholars are of the opinion that only one
major crypto will surface, the others will be fed away.
Thus, on one hand, crypto currencies need to become
easier to use, less volatile, and more regulated to ward
off the possibilities of speculation, scam, and terrorism
facilitation among other issues. in this paper we
analyze the mined and non-mined crypto currencies
from Shariah perspective.
Keywords : Crypto Currency. Bitcoin, Shariah, Mined, nonmined, Digital.