CRYPTO CURRENCY LEGALIZATION STATUS IN PAKISTAN AND AROUND THE GLOBE.., Crypto Currency which is also know as Virtual Currency is the new talk of the town, Crypto Currency which has gain fame in the western and European countries e.g USA,Canada, Australia and UK since few years and many people have made good profits out of there investment’s in it irrespective of the fact that its not been legalized by Central Bank of any Country except El Salvador is the only country that recognizes bitcoin as legal tender since June 2021.
CRYPTO CURRENCY LEGALIZATION AND ITS EXISTENCE AROUND THE GLOBE
In Crypto Currency market Bitcoin is the most famous and largely invested and trusted Virtual Currency which was created in January 2009 and has gained tremendous investment’s since last 5 to 6 years.
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State bank made it clear in 2018 while commenting on “CRYPTO CURRENCY LEGALIZATION” that Investment Crypto Currencies are illegal and thereby discouraging people to make investment in it, however in recent times KPK Government has is Planning a build two hydroelectric powered pilot “mining farms” to capitalized global cyrpto currency market as people are interested in putting in there investment to earn profit’s.
Although efforts are already been made in Pakistan through a Committee formed to get Crypto trading legalized in Pakistan as it may tap capital for in bound investment’s which can be achieved through a stable and sound regulatory frame work in place.