The cryptocurrency exchange has announced that card services will be discontinued in the Middle East on August 25 and in Latin America on September 21.
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For those who may be leery of investing in cryptocurrency, there may be good reason for that. Though Binance boasts the largest exchange of daily trading volumes of cryptocurrencies, according to Investopedia, it has also faced a number of regulatory actions around the world.
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Is cryptocurrency halal to invest?
Why Cryptocurrency Has Not Been Officially Declared as Halal. The main reason early scholars labeled cryptocurrency as “not halal” is its risk and vulnerability to manipulation. There are over 7,000 different cryptocurrencies available today and the number keeps growing.
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