CII set to rule on Bitcoin trading

'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”.

“There are some people who believe that after completion of CPEC projects, many Chinese and other foreign investors will come to Pakistan. Because of this, there are chances that the consumption of alcohol and ‘haram foods’ would increase … Harming our culture and society,” he said.

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.



On January 17, Dr Ayaz said, the Council would also review certain important bills, such as Child Marriage and protection of Transgender rights.

“The CII will also give its ruling on allotting special seats/ quota for men in educational institutions because girls secure most of the seats, leaving men just a few,” he said.