In Turkey, too, "Caizcoin", whose advertisements have started to appear on television, billboards and social media and whose name is trying to create a "halal" perception, is used in every way to tempt people.
Even the concept of permissible (caiz) is abused. Many aspects of the Presidency of Religious Affairs, from the fatwa of "not permissible" for cryptocurrencies, to how it was able to operate in our country under the name of "Caizcoin", how it would make a profit commercially, and how the system works, is unknown.
IT IS TRYING TO FOOL PEOPLE BY SAYING "BRING A CUSTOMER, EARN MONEY"
Ethereum-based Caizcoin allows transactions from anywhere in the world. On the other hand, there is no clear information about how to profit from Caizcoin, which claims to provide complete privacy and transparency to its users, and how the system works. In addition to all this, Caizcoin, which draws attention with its Ponzi scheme-like structure, confuses its investors with its big promises. Caizcoin, which promises 10 percent commission if they bring customers to its users and allegedly has the potential to reach 162 trillion dollars, is thought to be a new crypto money trap.
ACCORDING TO THE RELIGIOUS AFFAIRS, NOT ALL CRYPTO COINS ARE PERMITTED
This new cryptocurrency, which claims that its investors can also pay their foundation donations and zakat through crypto money, attributes its permissibility only to the absence of transactions in alcohol, weapons, tobacco, pigs and similar sectors. However, in the fatwa issued by the Presidency of Religious Affairs, it was emphasized that all cryptocurrencies are subject to the same provision,
It is not permissible to use digital cryptocurrencies, which have serious uncertainties in their own right, have a high risk of deception and deception, therefore do not have any security and cause unfair and unjustified enrichment of certain segments, such as practices known as pyramid schemes in the public.
In recent years, a new one has been added to the crypto money, which has become widespread as an 'easy money making method', under the name of 'Caizcoin'. Caizcoin, which is advertising on television, billboards and social media, is the only cryptocurrency that appeals to Muslims. It is claimed that this new crypto money, which is claimed to be permissible on the grounds that there are no transactions in alcohol, weapons, tobacco, pigs and similar sectors, against the fatwa of the Presidency of Religious Affairs, "not permissible" for cryptocurrencies, is in compliance with Islamic finance rules. Caizcoin, which has caused many questions in the minds with many unknowns from how it will make a profit to its users, how the system works, is not clearly known by whom it is managed… Caizcoin with Ethereum infrastructure provides the opportunity to make transactions from anywhere in the world. On the other hand, there is no clear information about how to profit from Caizcoin, which claims to provide complete privacy and transparency to its users, and how the system works. In addition to all this, Caizcoin, which draws attention with its Ponzi scheme-like structure, confuses its investors with its big promises. Caizcoin, which promises 10 percent commission if they bring customers to its users and allegedly has the potential to reach 162 trillion dollars, is thought to be a new crypto money trap.
MUCH UNCERTAINTY ABOUT CAIZCOIN
Launched with the slogan of 'transfer money between people from all over the world in accordance with Islamic finance rules and the principle of know your customer', Caizcoin is claimed to comply with Islamic financial standards. Announcing that it has received a fatwa of "approved in accordance with Islamic finance law" from Islamic scholars whose identity has not been disclosed, Caizcoin is not binding on its investors like other cryptocurrencies. Caizcoin, which has uncertainties about its market value, transaction volume, number of users, company executives, system operation and many more, is also unknown according to what it provides.