Bitcoin and Cryptocurrency Law According to NU: Legal and Permissible!

The debate surrounding Bitcoin law is still frequently discussed in society, particularly because cryptocurrency is a new technology that does not have the same form as conventional assets. Many people wonder whether Bitcoin is permissible under Islamic principles or whether it is considered an impermissible asset.

In NU's muktamar discussions, Bitcoin became one of the topics examined through the bahsul masail forum. The discussion concluded that Bitcoin can be regarded as an asset and can be used as a means of transaction while taking into account applicable rules and principles.

Key Takeaways

• NU discussed Bitcoin through the bahsul masail forum.
• Bitcoin is regarded as a digital asset.
• The use of cryptocurrency still requires attention to risks and applicable rules.

What Is the Law on Bitcoin According to NU?

The discussion of Bitcoin law according to NU in 2026 refers to the results of a religious study conducted through the organization's official forum. In the discussion, Bitcoin was not only viewed as a digital currency but also as an asset that has value.

This view indicates that Bitcoin can be categorized as wealth or a digital asset because it has utility, economic value, and can be traded.

(Source: Generated-AI image) 

However, this decision does not mean that all cryptocurrency activities are automatically free of risk. Users still need to understand transaction mechanisms, asset security, and potential losses that may occur.

“KH Mahbub Maafi, Chairman of the PBNU Bahtsul Masail Institute, explained that the discussion of Bitcoin at the NU Muktamar viewed it as a digital asset, not as a currency replacing the rupiah. He stated that Bitcoin transactions as a digital asset are considered valid and permissible because Bitcoin is regarded as having value and utility, being transferable, and being recognized by society as a valuable asset.”

Read also: Is Crypto Trading Halal or Haram in Islam?

NU Muktamar and the Discussion of Bitcoin

The discussion of Bitcoin at the NU Muktamar is one form of response to the development of modern financial technology. Through the bahsul masail forum, NU seeks to provide a legal perspective on new phenomena that did not exist in the past.

In this study, Bitcoin is understood as a digital asset with economic value. This differs from a view that sees Bitcoin solely as a means of payment.

Technological developments have broadened the concept of asset ownership. Today, assets are not only physical, such as gold or property, but can also exist in digital form.

Bitcoin as an Asset from the NU Perspective

The concept of Bitcoin as an asset is one of the key points in discussions about cryptocurrency law. An asset generally has value, can be owned, and provides economic benefits to its owner.

Bitcoin meets several of these characteristics because it can be owned through a digital wallet, traded, and valued based on market demand.

Even so, the value of Bitcoin depends heavily on market conditions. Cryptocurrency prices can change rapidly, so users need to understand volatility risks before investing.

Some things to consider when using Bitcoin include:

• Understand how blockchain works.
• Keep your digital wallet secure.
• Use a trusted platform.
• Do not use funds that you cannot afford to lose.

Read also: Bitcoin Halal or Haram Explained: MUI's View and the Laws on Investing and Trading!

Does NU Permit Bitcoin as a Means of Transaction?

Questions about whether NU permits Bitcoin often arise after decisions regarding cryptocurrency are discussed. Based on the results of the study, Bitcoin can be used as a means of transaction because it has value recognized by the parties involved in the exchange.

However, the use of Bitcoin must still comply with transaction principles that are consistent with Islamic values. Transactions must be conducted clearly, without fraud, and both parties must understand the risks involved.

Thus, cryptocurrency is not viewed solely based on its technology but also on how it is used in economic activities.

Cryptocurrency Law in Indonesia and Religious Perspectives

Besides Bitcoin, people also frequently ask about cryptocurrency law in general. Cryptocurrencies come in many types with different functions and characteristics.

Bitcoin is one of the largest crypto assets because it has a broad network and a high level of adoption. Other crypto assets, meanwhile, may have different purposes, technologies, and levels of risk.

Therefore, discussions about cryptocurrency law need to consider the type of asset, how it is used, and its impact on users.

Read also: MUI Fatwa on Cryptocurrency: Haram, Halal, or Dependent on Circumstances?

Bitcoin Bahsul Masail: How NU Examines New Technology

Bitcoin bahsul masail demonstrates how religious institutions examine modern issues. This method is used to discuss new problems by considering established principles of Islamic law.

In the case of Bitcoin, the discussion considers not only the technological aspects but also ownership, utility, economic value, and transaction risks.

This approach shows that technological developments can be examined from a religious perspective as long as they are analyzed thoroughly.

What Should You Understand Before Using Bitcoin?

Although there is a view permitting Bitcoin as an asset and for transactions, users should still conduct research before buying or using cryptocurrency.

Bitcoin has characteristics that differ from traditional assets. Rapid price movements mean that users need to understand risk management.

Some steps you can take before using Bitcoin include:

• Learn the basics of cryptocurrency.
• Use a reputable platform.
• Understand the risk of losing asset value.
• Do not follow trends without analysis.

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Conclusion

Based on the discussion at the NU Muktamar, Bitcoin has received attention as a digital asset with economic value. This view shows that cryptocurrency can be examined as part of the development of modern financial technology.

However, the permissibility of Bitcoin does not mean that users can ignore the risks. Everyone still needs to understand how cryptocurrency works, asset security, and market conditions before using it.

By understanding both the technological and legal aspects, you can make wiser decisions regarding Bitcoin and other digital assets. Follow the latest crypto news to stay informed with relevant information.

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FAQ

What is the law on Bitcoin according to NU?

NU discussed Bitcoin through the bahsul masail forum and regards Bitcoin as a digital asset. Its use still needs to comply with appropriate transaction principles.

Does NU permit Bitcoin?

Yes, the results of NU's discussion state that Bitcoin can be regarded as an asset and can be used in transactions subject to certain conditions.

Is Bitcoin considered an asset?

Bitcoin can be considered an asset because it has economic value, can be owned, and can be traded.

Is cryptocurrency halal according to Islam?

The legal status of cryptocurrency may differ depending on the type of asset, how it is used, and the views of the religious institutions that examine it.

What is Bitcoin bahsul masail?

Bitcoin bahsul masail is a study forum for discussing the legal status of Bitcoin from an Islamic scholarly perspective.