Digital currencies from a jurisprudential perspective, with an emphasis on mining, transactions and legitimacy

Document Type : Original Article

Authors

1 PhD student in private law Larestan Branch Azad University

2 Assistant Professor of Law, Larestan Branch, Islamic Azad University, Larestan, Iran

3 Law department- faculty Larestan Azad university

Abstract

The use of electronic vibrations as a digital currency, which is currently the last link in the gradual evolution of money, is described as the process of making money immaterial and invisible. Since there are such currencies in many countries of the world, even Iran, and their transactions take place, it is necessary to explain its various dimensions from a jurisprudential point of view. In this research, which has been carried out using a descriptive and analytical method, the extraction, transactions and legitimacy of digital currencies have been explained from a jurisprudential point of view. The results of the research show that the nature of gambling and giving away the mining operation is not accepted. It is also not accepted that the mining operation is rented and the rewards are paid. On the other hand, thinking that the creator of the network is a forger is also an idea far from reality; Because the creator of this network has tried all his efforts to design a decentralized network, free of exclusive monitoring, management and control. Also, digital currencies are popular with those familiar with this market because of the benefits they have. Therefore, there is no doubt about their customary wealth. And here is a question whether the nature of Sharia finance of digital currencies is acceptable? Because such currencies have the ability to be used in halal ways, such as paying the price of the purchased goods, and the benefit of the mahallah is also envisaged for them.

Keywords

Political Sociology of Iran
Volume 5, Issue 10
December 2022
Pages 3345-3363

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