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Topic: Crypto Currency Future in Pakistan - page 2. (Read 192 times)

hero member
Activity: 2156
Merit: 531
January 14, 2020, 05:49:43 PM
#8
I also hope that digital Pakistan will bring crypto or paypal to be a part of economic development at there ,making it easier to pay ,well this country must adjust to the development of an increasingly advanced world and a very good step to bring back crypto in Pakistan Tania Aidrus have that skill
full member
Activity: 882
Merit: 126
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January 14, 2020, 05:28:14 PM
#7
I guess crypto currencies were never banned by government of pakistan since Localbitcoin site has offers from pakistan so only banks banned it like happened in India but bangladesh announced complete ban.But in future developed countries will be regulation so Pakistan also will do the same since they were afraid of how to regulate a decentralized payment.
hero member
Activity: 2800
Merit: 595
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January 14, 2020, 05:26:21 PM
#6

Good move by the government. If paypal weren't available for them since time of internet, it looks like they were penalized for a long time without access to online payment. I have seen many freelancers from Pakistan and its just now that I knew they don't have access to paypal.

I'm not sure though if they have something similar to paypal but crypto being banned will mean so much unbanked in this country that will finally be able to access finance trading.
hero member
Activity: 3080
Merit: 603
January 14, 2020, 05:14:00 PM
#5
I would like to hear more from someone who really lives there. But if they are making their own digital currency, they are doing the right thing because they can see that someday every transaction will become digitalized. And on this case, I hope that they'll reconsider bitcoin so that they don't have to waste a lot of money developing their own digital currency which might not be used by most there because adoption will take place and it will take time for all of their citizens. Although, on their perspective they will not handle the production of it because it's decentralized but I'm wishing the best for Pakistan's openness soon for crypto.
member
Activity: 1022
Merit: 20
RiveMont
January 14, 2020, 05:09:15 PM
#4
Looks the new government in Pakistan under the leadership of Imran khan is pro crypto because he has talked about blockchain technology, artificial intelligence and distributed ledgers in his speeches at various events which goes to show his keen interest and following towards this segment, with the initiation of digital Pakistan initiative it would be great if all these steps and regulations regarding digital money and crypto is being done as quickly as possible because everyday is important and time is running out and Pakistan can become the leader in this field if they implement the correct policy as soon as possible.
sr. member
Activity: 882
Merit: 254
January 14, 2020, 05:08:42 PM
#3
It's not something really relevant to cryptocurrency communities though.
YES it may make it a lil bit know in Pakistan & that's it.
full member
Activity: 784
Merit: 101
January 14, 2020, 04:53:34 PM
#2
Digital Pakistan looks like another Digital Yuan, centralized coin to track its users or they are going to adopt some of the public blockchains like Bitcoin or Ethereum?
Second option would be better for crypto mass adoption around the world.  Smiley
newbie
Activity: 43
Merit: 0
January 14, 2020, 04:13:52 PM
#1
Earlier in 2019 State Bank of Pakistan announced that bitcoin and other virtual currencies/tokens/ coins are banned in Pakistan. For organizations and institutions it is banned by State Bank of Pakistan. Bank will not get involved if there is any dispute. They will not facilitate any transaction for it.

Late in 2019, Prime Minister Pakistan started a new program "Digital Pakistan". Highly Qualified and well known team members are chosen from all over the world. PM will directly monitor this program, Head of this program is Ms. Tania Aidrus. During her address, said that she is quite aware of the financial troubles faced by Pakistan’s freelancers as Crypto Currency / PayPal is unavailable.

on another occasion Tania Aidrus has promised to bring PayPal and cryptocurrency in Pakistan. While speaking at an interactive session with the top entrepreneurs in Pakistan at the Usman Institute of Technology (UIT) she made these remarks.

with this hope that 2020 and the Digital Pakistan team will bring back crypto currency / paypal in pakistan.
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