Is Coti (COTI) Halal or Haram?
Shariah compliance review of Coti (COTI) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Questionable
COTI is a fast and light confidentiality layer on Ethereum. Powered by the breakthrough cryptographic protocol Garbled Circuits and secured by Ethereum, COTI introduces the most advanced and compliant solution for data protection on the public blockchain. <br><br>Sharlife.my: COTI is considered grey due to one of its in-progress projects related to Shariah non-compliant activities.
Staking verdict: Questionable
Based on the analysis in the 'trading' section regarding buying and selling COTI, it is advisable to avoid using the token for any profit-driven instruments for now, including any "staking"
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