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Turkish government: virtual currency such as bitcoin is hard to control and not suitable for Muslims

Turkey said Bitcoin can not actually "coexist" with Islam because the government can not control it.

At the Diyanet meeting in the country, lawmakers pointed out that the "speculative" nature of bitcoin means that it is inappropriate for Muslims to buy and sell such digital assets.

Diyanet was mentioned by the local media in his report:

At the moment, buying and selling fictitious currencies is not religious (spiritual) because their value is speculative. Virtual currency can easily be used for illicit activities such as money laundering, and they are outside the national censorship and monitoring.
Diyanet made that claim on November 24, and a few days later bitcoin prices hit a new high of $ 11,000 and then dropped another 15%.

After Turkey banned PayPal, it once became a gathering place for bitcoin start-ups, but the specific policy was still very unstable.

BTCTurk, the local bitcoin exchange, was temporarily out of operation in 2016 as domestic banks closed their accounts and they were denied access to banking services.

Speaking of speculation, traders may profit from the poor performance of the lira, which has seen the exchange rate of its currency from the U.S. dollar have been reduced by nearly half in 2013.

Diyanet added that buying and selling Ethereum is equally inappropriate.