Bitcoin is recognized as the preeminent virtual currency, holding a superior position among other cryptocurrencies. As a decentralized currency, it aims to transform the global monetary landscape and possesses the potential to innovate across various sectors, including voting, gambling regulations, energy, and business practices. This study critically examines the prospective applications of blockchain technology and its ramifications for Bitcoin as a novel form of asset, property, and currency, approached from a Shariah Maqasid perspective. The research emphasizes the current legal status of Bitcoin as an innovative property form, addressing its legal implications. Furthermore, it explores the potential impacts of this technology on diverse stakeholders and presents a proposed model for income distribution rooted in its implementation.
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