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Is Crypto Trading Halal or Haram?
It depends on how you do it. Some scholars say crypto is halal as long as you're trading it like a real asset — just like gold or stocks. That means: You own the crypto you're trading You're not using interest-based loans You're not just gambling or chasing hype coins But others say it's haram if yoRead more
It depends on how you do it.
Some scholars say crypto is halal as long as you’re trading it like a real asset — just like gold or stocks. That means:
You own the crypto you’re trading
You’re not using interest-based loans
You’re not just gambling or chasing hype coins
But others say it’s haram if you’re:
Doing super risky trades or day trading
Treating it like a casino
Getting into shady or scammy projects
Basically, if you’re careful, avoid interest and speculation, and treat crypto like a real investment — many believe it’s okay in Islam.
Best move? Talk to a scholar you trust who knows about both Islam and crypto.
See lessAre cryptocurrency losses tax deductible?
So like, if you took an L on your crypto bags... sorry, but the Indian tax dude ain’t gonna let you write that off 😬. They got this rule—Section 115BBH or whatever—that straight up says nope to using your losses to cancel out any gains. You can’t even carry that loss forward to future years. It’s baRead more
So like, if you took an L on your crypto bags… sorry, but the Indian tax dude ain’t gonna let you write that off 😬.
They got this rule—Section 115BBH or whatever—that straight up says nope to using your losses to cancel out any gains. You can’t even carry that loss forward to future years. It’s basically ‘you win, we tax you; you lose, that’s on you’. Wild, right?
Also, there’s this 30% flat tax on any gains, no matter how small. And they’re taking 1% TDS on every trade too, even if you’re down bad. So yeah, it’s kinda brutal out here in crypto-land if you’re in India.
Big gains? Pay up. Big loss? Cry in silence 💀.
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