#btc The ruling on Bitcoin (and other cryptocurrencies) in Indonesia according to the Indonesian Ulema Council (MUI) is that it is haram as a medium of exchange because it contains (gharar) and (dharar) dangers and contradicts the law of the rupiah, but it can be valid as a commodity/digital asset if it meets shariah requirements such as having a clear physical form, definite value, and underlying (asset dasar) that is tangible. However, generally traded as a digital asset, it is considered haram due to its speculative nature and resemblance to gambling.