The story of the digital currency of bitcoin, which was denied by the Grand Mufti of Egypt.

The Mufti of Egypt has forbidden the currency of the "virtual Bitcoin" currency to be considered an intermediary that is not acceptable for exchange and includes damage to "deceit, ignorance and hidden deceit".

Dr. Shawki Allam said in a statement issued by Dar Al-Ifta that "striking the currency and issuing it to the right of the guardian or the position of the monetary institutions, and the circulation of the Bitcoin is an encroachment on the guardian and rivaling the terms of reference and powers assigned by the Sharia, and the prevalence of this uncontrolled system disrupts the transfer system Traditional funds and dealing with them such as banks and facilitates the sale of contraband, money laundering and tax evasion, and weaken the ability of countries to maintain their currency and control the movement of cash circulation and stability.

Last week's trading showed a currency depreciation of about 14 percent, steady at levels close to $ 13419 per unit, according to data provided by the virtual currency trading platform Quindisk on its website, making the currency at its worst level since 2013.

bitcoin has made a long journey of surprises in 2017, starting in January at $ 1,000 per unit, but it has reached $ 19,000 per unit.