Zakat On Crypto Asset
I don’t have any other argument I just wanted to understand it more in depth. I thought of it as a business and as our coins will be a means of production so we won’t be paying zakat. Now what I understand is that people like me who have got these coins as a means of saving. Zakat would be applicable on current value of coins (just as people buy gold for savings) but if a person who does crypto for sake of proper business he wouldn’t be paying zakat as it would be considered means of production in this case ( just as gold dealers they have proper business of gold ) Am I right in my understanding?