The impact of the use of digital currency on the future of Zakat

09/06/2021 Finance and investment | mariam ali almansoory

 1959     0

The electronic revolution that the global economy is witnessing will rearrange the roles of many international organizations, such as the International Monetary Fund, the Bank for International Settlements and the World Trade Organization, pointing out that "the digital currency is divided into two electronic types, and enjoys a degree of protection because it is encrypted, and coins whose issuance is estimated at 80 million dollars, as the digital currency does not have a monetary authority that supervises it globally, and if it is accepted globally, it must gain the functions of other currencies as a means of payment and a storage and settlement tool, which will lead to an increase in the prices of gold, silver and platinum in the world. As the cost of digital currencies is measured by the cost of electricity that manufacturers need to produce a unit of this currency, as the prices of electrical units differ from one country to another, and therefore the cost price is different, while the purchasing value is in agreement between all producers, explaining that digital currencies will reduce the operations of digital currencies. Global mediation is what changes a lot of concepts of cash transfers during the next five years Digital currencies depend on speculation, gambling and speculation in price fluctuations, so the loss element is very large, which may lead to an unstable financial system and result in economic crises that affect investors in this system, which in turn weakens the possibility and ability of the benefactors to confine and estimate the financial assets invested in them due to the constant price volatility .

Your comment

There are no comments yet.


(success)
Start chat button