'Counci­l’s resear­ch depart­ment will rule on Bitcoi­n tradin­g after thorou­gh consul­tation­s'ISLAMABAD: Members of the Council of Islamic Ideology (CII) decided on Wednesday to take up the Bitcoin issue after Egypt’s top imam endorsed a ban on the crypto-currency, declaring it to be forbidden in Islam. During an informal talk with media persons here, Chairman of CII Dr Qibla Ayaz said that the council’s research department would rule on Bitcoin trading after thorough consultations. Answering a question about possible negative impact of China-Pakistan Economic Corridor (CPEC) on Pakistan’s culture and society, the CII would devise ways and means to avoid negative impact “on our future generations”. Discussing the CII’s performance, he said that the council would now focus on securing the status of a think-tank. Over the next few months, CII would also focus on the rights and protection of minorities, transgender issues and problems faced by overseas Pakistanis.

Source: The Express Tribune January 03, 2018 17:26 UTC