why is bitcoin illegal in pakistan

Last Updated on October 26, 2023 by Paganoto

Pakistan Plans to Ban Cryptocurrencies as Stance Hardens

It cited concerns on the use of crypto for money laundering and financing terrorism. The case was brought by Waqar Zaka, a television host and crypto entrepreneur who wanted the court to rule that cryptocurrencies be declared legal as a large number of Pakistanis are interested in them.Jan 13, 2022

State Bank of Pakistan, Government Weighing Crypto Ban

The State Bank of Pakistan and the federal government are reportedly weighing a ban on all cryptocurrency transactions in the country.

Pakistan plans crypto ban; industry players call it big mistake

Arjun Khazanchi, Co-founder and CLO, Rooba Finance said that the crypto ban in Pakistan shall not be viewed unidimensionally.

Bitcoin ban could backfire on Pakistan – Asia Times

PESHAWAR – Pakistan’s central bank has proposed a ban on all forms of cryptocurrency, saying the risks involved in trading Bitcoin, …

Pakistan's central bank tells court cryptocurrency should be …

KARACHI, Pakistan, Jan 13 (Reuters) – Pakistan’s central bank has recommended banning cryptocurrency, arguing in documents submitted in an …

Pakistan moves to bring cryptocurrency boom out of the dark

While cryptocurrency is not illegal in Pakistan, the global money laundering watchdog, the Financial Action Task Force (FATF), has called on …

Why is cryptocurrency banned in Pakistan? – Quora

Cryptocurrencies including bitcoin are not officially regulated in Pakistan, however, it’s not illegal or banned. As of 16 January 2021, the State Bank of …

Crypto Sector Could Suffer in Pakistan as Its Central Bank …

The State Bank of Pakistan (SBP) has submitted a document to the Sindh High Court, calling cryptocurrencies like Bitcoin “illegal” and unusable …

Unregulated and forbidden, crypto still thrives in Pakistan

Bitcoin and cryptocurrency mining were flourishing in Pakistan until April 2018 when the government banned trading and mining the virtual …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.