The Turkish government has declared that bitcoin is not accordant with Islam and warned citizens against buying the cryptocurrency. Turkey’s Directorate of Religious Affairs, known as Diyanet, said bitcoin is too often used for nefarious and illegal activities, and without regulation has become incredibly volatile. “Buying and selling virtual currencies is not compatible with religion at this time because of the fact that their valuation is open to speculation, they can be easily used in illegal activities like money laundering and they are not under the state’s audit and surveillance,” Diyanet said. Bitcoin has not been authorized for use in the country.
Wow. That’s incredible: http://www.newsweek.com/turkey-says-bitcoin-soaring-above-10000-not-accordant-islam-725350