If a halal crypto project has an illicit staking method, is investing in it becomes haram too or only stake it is haram?
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Thanvir Changed status to publish January 28, 2024
If a coin is halal but its staking mechanism is the only part that is considered haram then there is no harm in buying, selling or investing in such a coin. As long as you stay away from the staking aspect this should fine. It’s a bit like using a bank account to buy and sell things but not take interest from the bank. If you can separate the two, there should be no issue. The only other thing I can think of is to be sure the staking does not impact the value of the currency itself otherwise the haram activity may actually make the underlying currency haram as well.
Thanvir Answered question January 24, 2023
