According to the law in Pakistan, Cryptocurrency is unlawful and cannot be traded. Many other countries have also banned it and Saudi Arabia and China are among them as well. A few months back, the State Bank of Pakistan (SBP) and the federal government had decided to ban all cryptocurrencies from being used in Pakistan.
Is ban on Cryptocurrency Trading Justified?
The hashtag #TechnologyMovementDharna is among the top Twitter trends these days. using this hashtag, Twitteratis revealed that they will take part in a march to Islamabad from other cities.
— Jamshaid Jalal (@jalal_jamshaid) January 13, 2022 A report was also launched regarding this, terming cryptocurrency illegal, and also mentioned the FIA’s recent inquiry of crypto exchanges including Binance and OctaFx. It mentioned the risks of these on investors. Sindh High Court has revealed that it is going to refer this to finance and law ministries for a final determination on the legal status of cryptocurrencies.
— EMMY (@Emmykkc) January 12, 2022 Waqar Zaka is publically promoting bitcoins, so his movement over the ban of cryptocurrencies trading in Pakistan was expected. let’s see whether the government will take this decision back or will stay on it. You might be interested in: Federal Government Approves Science, Technology & Innovation Policy 2021
