I. Introduction
A cryptocurrency is a disruptive technology to Islamic Finance. Its invention has called for national level regulations and religious intervention. In October 2017, Bank Negara Malaysia will decide by end of the year, if an investment in cryptocurrencies would be a legal investment scheme in the Country [1]. Bank Negara Malaysia's Governor has announced that the Bank will also issue guidelines on cryptocurrencies particularly for anti-money laundering and terrorist financing [2].