the company's plan to conduct an IPO on the US stock exchange was carried out through the Special Purpose Acquisition Company (SPAC) scheme with Victory Park Capital.
Indonesias Ulema Council (Majelis Ulama Indonesia or MUI), the countrys top Islamic body that holds the authority on Shariah compliance, has declared the use of crypto as a currency haram. While crypto as an asset is allowed.
A branch of Nahlatul Ulama, one of the largest Islamic organizations in Indonesia, announces that cryptocurrency is haram or forbidden to use based on Islamic law.
