Pakistan takes a fresh look at cryptocurrency


Pakistan’s federal government has fashioned a few subcommittees to investigate the potential of cryptocurrencies and similar companies, area media report

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  • The initially panel is chaired by the legislation secretary with the Point out Lender of Pakistan (SBP), with the Federal Investigation Company (FIA) and Pakistan Telecommunication Authority (PTA) as associates, between some others.
  • Two other subcommittees have been set up under the chairmanship of SBP Deputy Governor Saima Kamal. 
  • Panel associates consist of reps from the Ministry of Info Know-how, the Securities and Trade Commission of Pakistan, PTA and some others. 
  • The subcommittees will get ready their proposals and deliver them to a committee headed by the finance secretary, just after which the nation will prepare suggestions on the long run of cryptocurrencies.
  • The SBP suggested a ban on cryptocurrencies earlier this year, with a person of the nation’s largest banking companies immediately heeding the tips by inquiring prospects to stay away from working with its financial institution for crypto transactions.  

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