The Indonesian Islamic group NU says crypto is too volatile to be legal under Islamic law….
The East Java branch of one of Indonesia’s largest Islamic organizations Nahdlatul Ulama (NU) has issued a fatwa deeming the use of cryptocurrency “haram,” or forbidden, under Islamic law.
A fatwa is a nonbinding legal opinion on Islamic law, which is reached through a discussion called a bahtsul masail. Representatives from the Nahdlatul Ulama Branch Management and several Islamic boarding schools throughout East Java attended the bahtsul masail.
Islamic Finance Expert 