NU Conference Recognizes Bitcoin as an Asset and Transaction Tool
The 35th Nahdlatul Ulama (NU) Conference has established that Bitcoin can be recognized as an asset and used in transactions from a fiqh perspective, but it cannot be used as a currency in Indonesia. This decision was made during the III Plenary Session of the NU Conference in Jombang, East Java, on August 29, 2026. The discussion included Bitcoin's status as property and a medium of exchange according to fiqh. Bitcoin is deemed to meet the criteria of mal and tsaman because it has recognized value and benefits, is transferable, and can be exchanged for goods or other assets. The Chairman of the NU Bahtsul Masail Institute, KH Mahbub Maafi, stated that transactions involving Bitcoin as a digital asset are valid and permissible. However, this decision does not mean that Bitcoin can replace the rupiah as a currency. According to Law Number 7 of 2011, the rupiah is the only legal currency in Indonesia. Therefore, the use of Bitcoin as a currency in Indonesia is considered prohibited, even though it can function as a medium of exchange from a fiqh perspective. Mahbub referred to this position as 'valid but haram', indicating that while Bitcoin can serve as a medium of exchange, its use as a currency remains impermissible.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

A Contender for the Status of the First Self-Regulatory Organization for Crypto Exchanges Emerges in Russia

Russia opens regulated crypto trading as new law takes effect

SEC to Accept Public Comments on Crypto Asset Regulation Until October 20

Monthly Column Report | Foresight News Outstanding Content Creators List for August 2026

Rising Yield on Japan's 2-Year Bonds; Does Yen Carry Trade Threaten Bitcoin Again?

Why Was the Messi Retirement Token Issued Without Liquidity?

The Biggest Risk for Bitcoin Has Been Eliminated

AI Reidentification Risks Prompt Reevaluation of Zcash Privacy Features

What is FLOP (Flop Network)? An Explanation of the Currency Concept for AI Agents

Bitcoin Core v32 Completes Feature Freeze, Block Validation Speed Increased by About 3 Times

Dollar Share Rises to 57.13%, Foreign Exchange Reserves Decline

Blockstream Revamps Bitcoin Explorer Dashboard

SEC Charges 38 Entities Over False Investment Adviser Filings

Why the SEC’s $75 million crypto path is not the same deal Congress is offering

XRP Signals Rise in September

OKI vs IKE vs IKZE: What to Choose in 2026? Taxes, Limits, and Calculations for 2027

Ethereum Approves EIP-8141 for New Transactions in Wallets

The Government Officialized a New Salary Increase for Military, Security Forces, and Public Employees: How Much Will It Be

Alipay's Stance: Stablecoins Enter AI

How Paintings Could Have Become Part of the Digital Economy, but Didn't

Rails Reveals Status of Enigma's Quantum Resistance Preparation
![[Block Media 1st Term 6th Reader Committee Meeting] "In-depth Articles Needed for Differentiation ⋯ Impressive Critique of Altcoin Listings by Chairperson Park Hyun-joo"](/public-static/9_8dc682caea.png?format=avif)
[Block Media 1st Term 6th Reader Committee Meeting] "In-depth Articles Needed for Differentiation ⋯ Impressive Critique of Altcoin Listings by Chairperson Park Hyun-joo"

DRAM Shortage Until 2030: How to Position Yourself on Memory Giants?
Revolut begins EURR rollout as ECB details digital euro privacy safeguards

HYPE faces $36M team withdrawal on September 6

Bitcoin is no longer just a risky asset, says BlackRock executive

The Battle of HIP-4 Begins: Who Will Become the New trade.xyz?

The Black Triangle on Crypto Exchanges: Why a Cryptocurrency Seller May Become a Suspect

Uzbekistan Confirms Purchase of J-10CE Fighter Jet, Challenging Russian Military Dominance in Central Asia










