Wrapping and delegating Crypto Songbird to earn rewards

Question:-

Is the wrapping and delegating of Crypto Songbird Sgb to earn rewards permissible? Attached is a link explaining the concept:

https://support.bifrostwallet.com/en/articles/5588951-wrap-and-delegate-songbird

Answer:-

Our Darul Ifta does not approve of investing in crypto currency in its various forms whether it be “bitcoin” or other types as explained in the link. We, therefore, advise abstention from all forms of crypto currency. In conclusion the rewards or bonuses (explained in the link) will also not be permissible.

ALLAH TA’ALA KNOWS BEST!

ANSWERED BY:

Mufti Mohammed Desai

Date: 12 Dhul Qa’dah 1443 / 13 June 2022