What's special about MONERO is it offers private transactions that nobody can detect but can selectively choose to be transparent like most Cryptocurrencies. There are no technical issues that arise from this token, but MORENO probably can be a platform for illegal activities and money laundering because of its features. However, the issue is not enough to classify MORENO as Non-Shariah. We stick to the Islamic legal maxims "What has been proven will remain until proven to the contrary" and "The presumption for incorporeal matters is that they do not exist". Moreno will remain as Shariah as long as there is no Haram element proven.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | The project is similar to Bitcoin but with a privacy mode option. The project is clear from any prohibited elements. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token can be used as a medium of exchange. | Passed |
| Staking Method | No staking. | Passed |
Read the source document and verify project fundamentals.