Sharia Law Considerations on Cryptocurrencies: Between Halal and Haram in an Islamic Economic Perspective

The study of halal or haram economic activity, such as cryptocurrency trading, is based on Islamic or sharia economic theory. Gharar and riba became important factors in determining its legal status. In this research, I used a literature study approach to gather information from relevant literature. This approach allows for a deep understanding of the use of cryptocurrencies in the context of Islamic law. Cryptocurrencies are recognized as forms of payment that meet certain requirements and transactions involving cryptocurrencies tend to be subject to strict regulations and free from usury. However, speculation and price volatility in cryptocurrencies raise concerns regarding speculation and uncertainty. The use of cryptocurrencies in investing also involves elements of luck and guesswork. The unclear attitude of the government toward the legality of cryptocurrencies can have negative impacts such as money laundering. It is important to prioritize harm prevention and improving well-being before considering the benefits. The research provides a solid foundation for the development of economic policies and practices consistent with Islamic economic principles as well as provides insight into the controversies surrounding cryptocurrencies in that conte