Government recommends ban on crypto currency
Pakistan
The government and the SBP on Wednesday recommended a complete ban on crypto currency.
KARACHI (Dunya News) – The government and the State Bank of Pakistan (SBP) on Wednesday recommended a complete ban on crypto currency, Dunya News reported.
According to the recent developments in the crypto currency case, the reports submitted in the Sindh High Court suggested that crypto currency is illegal and the use of this currency should be forbidden in business.
The court while giving orders to send the reports to the Ministry of Finance and the Ministry of Law for detailed analysis in accordance with all aspects of law, passed remarks that both ministries are bound to give final deliberations within three months and in case of implementing the ban, the court will be informed about the legal status for the ban.
Justice KK Agha passed remarks that in case if it’s permitted to use the currency in business, then a legal form shall be prepared in this regard, while the concerned authorities will decide the status for the use crypto currency and the related institutions will take action according to the law.
