pakistan crypto – DIGIT INFO

Report: Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions

DIGIT — Fri, 20 May 2022 03:30:17 +0000

Pakistan can generate tax revenues of at least $90 million each year if authorities impose a 15% tax on cryptocurrency transactions, an executive with a cryptocurrency exchange has said. 15% Crypto Tax An executive with a Pakistani cryptocurrency exchange has said Islamabad can generate at least $90 million in tax revenues if authorities decide to […]

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Pakistan Forms Committees to Decide Whether Crypto Should Be Legalized or Banned

DIGIT — Wed, 04 May 2022 06:30:51 +0000

The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business and come up with recommendations on the country’s crypto policy. Committees Constituted to Decide on the Legal Status of Cryptocurrency in Pakistan Pakistan’s federal government […]

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Pakistan’s Central Bank Sees Few Good Use Cases for Crypto Citing ‘a Lot of Misuses’ Worldwide

DIGIT — Wed, 09 Mar 2022 07:30:11 +0000

The central bank of Pakistan does not see many good use cases for crypto. However, the regulator cites “a lot of misuses” of cryptocurrency around the world, “including human rights violations, trafficking of people, money laundering, and many other things.” Pakistani Central Bank Governor’s Stance on Crypto The governor of the State Bank of Pakistan […]

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Pakistan Telecom Authority Asked to Block Over 1,600 Crypto Sites — Minister Says Government Intends to ‘Regularize’ Crypto

DIGIT — Thu, 20 Jan 2022 06:30:47 +0000

The Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country’s science minister said that the government intends to “regularize” crypto in the country. Pakistan’s […]

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A Pakistani Provincial Government Passes Crypto-Friendly Draft Resolution

DIGIT — Fri, 04 Dec 2020 12:55:20 +0000

In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial Assembly (MPA) of Khyber Pakhtunkhwa, one of the four provinces in the country, made […]

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Pakistan’s SEC Discusses Cryptocurrency Regulation, Central Bank Confirms No Crypto Ban

DIGIT — Sun, 15 Nov 2020 07:30:48 +0000

The Securities and Exchange Commission of Pakistan has published a paper discussing cryptocurrency regulation in the country. Meanwhile, the central bank has reportedly confirmed that there is no cryptocurrency ban. Pakistan’s Crypto Regulation in the Works The Securities and Exchange Commission of Pakistan (SECP) has published a position paper on the regulation of cryptocurrency trading […]

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