Is Bitcoin SV (BSV) Halal or Haram?
Shariah compliance review of Bitcoin SV (BSV) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
The project is derived from Bitcoin's code and has similar characteristics. Sharlife.my: This token is classified as Shariah Compliant.
Staking verdict: Non-Comfortable
There is no Proof of Stake consensus, the chain functions on Proof of Work protocol, which is "mining". This is why any so called "staking" or other instrument with a fixed yield for this cryptocurrency is at least questionable, because it lacks participating in creating new blockchain transactions in the blockchain. <br><br>You can read more about Proof-of-Stake protocol on our Blogs section below this crypto list. However, we are not talking about other pledge or liquidity instruments that involves BSV. It will have a separate ruling.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.