
Tether's Gold-Backed Token XAUt Gains Shariah Certification
Tether's XAUt token has officially received Shariah certification, potentially opening new doors for Islamic financial institutions and investors looking for gold-backed digital assets.

Tether's XAUt token has officially received Shariah certification, potentially opening new doors for Islamic financial institutions and investors looking for gold-backed digital assets.

Pakistan is currently witnessing a significant national discourse as Islamic scholars and financial regulators debate whether cryptocurrency aligns with Shariah law, focusing on the distinction between speculative trading and asset-backed digital tokens.

Mufti Muhammad Taqi Usmani has declared cryptocurrency trading haram, stating that digital assets fail to meet the Islamic criteria for wealth. This development arrives as Pakistan continues to evaluate its regulatory approach to the digital asset sector.

The debate over what is halal in crypto is ongoing. Pakistan's Shariah advisory plays a key role in discussing staking and DeFi yields' compliance with Islamic law.