Will Pakistan, desperate for dollars, legalise cryto which it once warned against?
1 week ago

Will Pakistan, desperate for dollars, legalise cryto which it once warned against?

Firstpost  

Cash-strapped Pakistan may be considering legalising crypto to create revenue and generate foreign investment. The country, which has long struggled with a financial crisis, last week announced the formation of the Pakistan Crypto Council headed by Finance Minister Muhammad Aurangzeb. As per Business Standard, the development comes despite Pakistan’s central bank for years warning that fraud, money laundering, and financial instability would result from legalising crypto. Trump is making crypto a national priority and every country including Pakistan will have to follow suit or will we be at the risk of being left behind,” he said. “Trump is making crypto a national priority and every country including Pakistan will have to follow suit,” he told Bloomberg.

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History of this topic

Pakistan plans to legalise cryptocurrency to tackle economic slowdown
6 days, 19 hours ago

Pakistan plans to legalise cryptocurrency to tackle economic slowdown

India Today  

Pakistan is planning to legalise cryptocurrency trading to attract foreign investment and modernise its economy. Bilal bin Saqib, chief advisor to the country’s finance minister and CEO of the newly formed Pakistan Crypto Council, revealed this in an interview with Bloomberg TV. He also added that countries like the US and UAE are embracing crypto-friendly policies, making it all the …

Pakistan Moves To Legalise Cryptocurrency To Attract Foreign Investment. Will India Follow Suit?
1 week ago

Pakistan Moves To Legalise Cryptocurrency To Attract Foreign Investment. Will India Follow Suit?

ABP News  

Pakistan is making strides toward embracing digital assets by setting the stage for cryptocurrency legalisation. With more nations establishing cryptocurrency regulations, Pakistan’s initiative could position it as a key player in the digital finance sector. Pakistan Crypto Council to Oversee Digital Asset Integration To facilitate the transition, the Pakistan government has reportedly launched the Pakistan Crypto Council, a newly formed …

Pakistan launches crypto council to integrate blockchain technology with financial landscape
1 week, 5 days ago

Pakistan launches crypto council to integrate blockchain technology with financial landscape

The Hindu  

Pakistan has officially launched the national crypto council to regulate and integrate blockchain technology and digital assets into the country’s financial system. India reviewing crypto position due to global changes, senior official says The Pakistan Crypto Council would regulate, promote, and incorporate blockchain and cryptocurrency innovations into Pakistan’s economic framework. "The establishment of the Pakistan Crypto Council is a step …

Will Pakistan legalise crypto? It's setting up a council after meeting 'Trump advisers'
1 month ago

Will Pakistan legalise crypto? It's setting up a council after meeting 'Trump advisers'

Firstpost  

Pakistan’s government estimates there are currently over 20 million active digital asset users in the country, facing challenges like high transaction fees and lack of regulation Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture. Finance Minister Muhammad Aurangzeb met with a foreign delegation, which included President Donald Trump’s …

Pakistan allocates funds to fight fake news against state institutions
2 months, 2 weeks ago

Pakistan allocates funds to fight fake news against state institutions

India Today  

The Pakistan government has allocated additional funds worth 2 billion Pakistani rupees in an effort to fight fake information targeting state institutions. The initiative, led by the Economic Coordination Committee under Finance Minister Muhammad Aurangzeb and endorsed by Chief of Army Staff General Asim Munir, aims to technologically upgrade the Inter-Services Public Relations to combat “fake news”. BUDGET CUTS FOR …

Govt Has No Intention Of Legalising Cryptocurrencies, Says Pakistan Minister
1 year, 10 months ago

Govt Has No Intention Of Legalising Cryptocurrencies, Says Pakistan Minister

News 18  

Cryptocurrencies have been banned in Pakistan as per the decision of the Senate Standing Committee on Financial Affairs. However, officials from the State Bank of Pakistan believe that cryptocurrencies are fraudulent means, which will never be acknowledged in the country. These officials have further stated that Pakistan’s Federal Investigation Agency and Financial Monitoring Unit are implementing stringent measures to combat …

Pakistan's FIA issues notice to cryptocurrency exchange while investigating multi-million dollar scam
3 years, 2 months ago

Pakistan's FIA issues notice to cryptocurrency exchange while investigating multi-million dollar scam

India Today  

Pakistan’s Federal Investigation Agency said on Friday that it has issued a notice to a popular cryptocurrency exchange, while investigating a multi-million dollar scam linked to fraudulent online investment mobile applications. “An order of attendance has been issued to Hamza Khan, the general manager/growth analyst at Binance Pakistan, to explain his position on the company’s linkage to “fraudulent online investment …

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