2021-4-9 15:46 |
State Bank of Pakistan governor Reza Baqir says the country is “waiting to burst as far as digitization is concerned.”
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According to a recent The Express Tribune report, Pakistan is set to reshape its financial landscape by proposing amendments that would empower the State Bank of Pakistan (SBP) to issue digital currency and manage both physical and digital forms of money.
The IMF wants Pakistan to increase tax measures on crypto profits to secure a $3 billion bailout for its faltering economy.
Aisha Ghaus Pasha, the minister of state for finance and revenue, declared that Pakistan would outlaw cryptocurrency services operating in the country and reaffirmed that the government has no plans to legalize cryptocurrency trading during a meeting of the Senate Standing Committee on Finance and Revenue on May 16.
Pakistan Minister of State for Finance Aisha Ghaus said the Asian country could not legalize cryptocurrency trading, citing its recent removal from the Financial Action Task Force’s (FATF) “Grey List.
Quick Take USDT and USDC started roughly simultaneously, back in 2018, and grew in tandem with one another as the crypto market also grew, all the way through to 2022. In May 2022, USDC took a tumble to roughly $50 billion in circulating supply – total amount of all coins ever created/issued – while USDT […] The post Does the divergence between USDT and USDC signify a winner in the stablecoin wars? appeared first on CryptoSlate.
A former reality TV host with millions of followers on YouTube became one of Pakistan's biggest crypto proponents, and hopes to help his country shine again.
Pakistan’s FIA (Federal Investigation Agency) has announced that they plan on obtaining a court order from the PTA to block cryptocurrency trading websites. The government is stated to be doing so as part of their efforts against fraud and money laundering.