Regarding Islam's definition about money, Seyyed Abas Mousavian, Member of Central Bank's Islamic Jurisprudence Council and Islamic Banking Theorist, said in Islam just real goods such as gold, gold coin, silver, silver coin, rice, date, wheat, barley and salt are recognized as money and if we want to take a look at bitcoin and other cryptocurrencies based on the definition, they are not called goods at all because they don't have intrinsic and supportive value.
He referred to holy Quran in which God says "Allah will never rule unbelievers in faithful and believer society", adding bitcoin or other bitcoin-liked currencies are illegitimate financial ways, because they cause faithful and believer society's wealth goes to unbelievers' pocket, paving the path for their dominance in the society.
The official stressed that doing business with bitcoin and virtual currencies has problem in terms of Shariat. It is worth noting that Iranian Mujtahids (Muslim religious authorities) said virtual money's deal is not halal.
