TOPIC: Ruling on trading in unofficial digital currencies

Jurists have agreed that it is not permissible to deal using unofficial cryptocurrencies that are not recognized by the governments of the countries. This is due to their reliance on creating money from nothing. This is considered one of the aspects of usury. As the exchange is one of the conditions of exchange in Islamic law. It prevents the process of creating money on which cryptocurrencies are based. حكم التجارة الرقمية
It was mentioned in an authentic hadith that gold is for gold, silver for silver, and barley for barley. And so on from the hadith that emphasizes the condition of reciprocity, which prevents usury. Usury and the creation of money are forbidden in Islamic law. Also, because digital currencies are imaginary, not real money. Huge wealth is created in the hands of a limited number of people who can only find those currencies. This means that a number of people become extremely wealthy and the rest become very poor. It is also forbidden in Islamic law, just like usury.