Regulation· ★★★· neutral·

Indonesia signals Islamic ban on crypto may be revisited

  • —Religious affairs minister says crypto's sharia status can shift either way
  • —Since 2021 MUI has banned crypto as money but allowed compliant trading
  • —DSN-MUI aims to publish a new ruling on bitcoin in November
Why it matters: The new ruling could widen or narrow legal crypto trading in the world's largest Muslim-majority country.
Source: Bloomingbit