Pakistan - page 1143. | Bitcointalksearch.org

UmerIdrees

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Quote from: Abdussamad on April 02, 2019, 05:39:30 AM

"It was just a prank, bro"

- SBP probably

They want people to forget that they initially banned bitcoin: https://www.dawn.com/news/1473310/state-bank-eyes-issuance-of-digital-currency-by-2025 . They are now pretending to be all innovative and accepting of new technology.

Not a prank but this new government is becoming famous of taking "U-Turns" on most of their decisions. They are not sure what they need to do exactly Sad

They seriously need to implement block chain technology if we are to see any good progress for our country.

Abdussamad

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"It was just a prank, bro"

- SBP probably

They want people to forget that they initially banned bitcoin: https://www.dawn.com/news/1473310/state-bank-eyes-issuance-of-digital-currency-by-2025 . They are now pretending to be all innovative and accepting of new technology.

najeeb76

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Quote

when people will know more about crypto currencies, they will be able to change their fate with the help of bitcoins.

not every one can do it, it needs skill and patience to learn making fortune (changing fate in plus not donwward

)

UmerIdrees

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Quote from: Abdussamad on March 18, 2019, 11:19:42 AM

They want to regulate cryptocurrencies because its proving to be outside their control and because richer countries are accepting the tech. It's wishful thinking on their part that they'll be able to regulate it.

Well the thing is that when the bitcoin and crypto will be declared legal in Pakistan, people can do trading and other crypto related activities with ease and without any fear. Also with the passage of time, when people will know more about crypto currencies, they will be able to change their fate with the help of bitcoins.

Iqra.s

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Quote from: Abdussamad on June 12, 2013, 04:24:59 AM

I wonder whether there are any other resident Pakistanis on this board? So far I haven't encountered any but according to bitnodes there a few bitcoin users in Pakistan and I know of at least one miner.

Anyway let's see if any show up Tongue

If you are looking to safely buy or sell bitcoins in Pakistan check out localbitcoins.

Not in Paki but from Pakistan Kiss

Abdussamad

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They want to regulate cryptocurrencies because its proving to be outside their control and because richer countries are accepting the tech. It's wishful thinking on their part that they'll be able to regulate it.

UmerIdrees

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Finally the wait is over. Bitcoin will be regularized soon in Pakistan.

This is will a big milestone for us and our community.

Indymoney

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Any one check Neteller to Mobicash please give update about process and fees because I am also waiting for this from any member how is this going thanks.

UmerIdrees

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Quote from: ?? on ??

Quote from: UmerIdrees on March 01, 2019, 09:56:03 AM

Quote from: ?? on ??

Quote from: Abdussamad on February 24, 2019, 11:04:24 PM

Quote from: Indymoney on February 24, 2019, 01:30:34 PM

Any one have information about bitcoin related debit card which is working in Pakistan I need this very urgently as have some payment stuck which I can withdraw through only card.

I know of no such card. What sort of situation is this that you find yourself in? If you have bitcoin you can send it anywhere. You can sell on localbitcoins and receive money via bank, easypaisa, jazz cash etc. If you don't have bitcoin then try payoneer. It's a solution people use to get money from freelancing sites.

Bitcoin to Skrill and Skrill to Jazz Cash works fine as well (I know someone personally who does this all the time). However, JazzCash does have some low limits, and you'll also have to verify your Skrill account.

I heard this method of converting from bitcoin to local PKR first time.

Bitcoin ---> Skrill --> Jazz Cash

Can you tell me know the fee involved from Skrill to Jazz cash conversion ?

It's not very much, only about 2%.

Quote from: Abdussamad on February 25, 2019, 08:25:36 PM

Is this cheaper than localbitcoins or is he doing it because he's not aware of localbitcoins?

No, he's doing it because he doesn't want the involvement of any other trader in the conversion of BTC.

Ok i will check it out this conversion of Bitcoin to PKR without any involvement of Bank accounts and traders. This is a good option in the current situation where Crypto is almost like Ban in Pakistan and we should be safe if we deal with bitcoins transactions.

UmerIdrees

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Quote from: ?? on ??

Quote from: Abdussamad on February 24, 2019, 11:04:24 PM

Quote from: Indymoney on February 24, 2019, 01:30:34 PM

Any one have information about bitcoin related debit card which is working in Pakistan I need this very urgently as have some payment stuck which I can withdraw through only card.

I know of no such card. What sort of situation is this that you find yourself in? If you have bitcoin you can send it anywhere. You can sell on localbitcoins and receive money via bank, easypaisa, jazz cash etc. If you don't have bitcoin then try payoneer. It's a solution people use to get money from freelancing sites.

Bitcoin to Skrill and Skrill to Jazz Cash works fine as well (I know someone personally who does this all the time). However, JazzCash does have some low limits, and you'll also have to verify your Skrill account.

I heard this method of converting from bitcoin to local PKR first time.

Bitcoin ---> Skrill --> Jazz Cash

Can you tell me know the fee involved from Skrill to Jazz cash conversion ?

Indymoney

full member

Activity: 896

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Quote from: Abdussamad on February 25, 2019, 08:25:36 PM

Quote from: Indymoney on February 25, 2019, 07:24:59 AM

Thanks for both replies but company only paying SEPA or Card payment nothing else so I am afraid I am going to lost this amount.

Payoneer or bitwage are options for you: https://www.bitwage.com/for-individuals/

Edit: SEPA is euro area bank transfers. If they are willing to do bank transfers then why not international wires via SWIFT? Ask them about it. It is unreasonable of them to expect a Pakistani to take euro area transfers since you are obviously not in europe. Note SEPA is very cheap but SWIFT costs significant sums. SWIFT payments of less than a $1000 are not really practical. Expect to lose $40-60 in bank fees.

@Abdussamad thanks for quick and positive reply I am using Payoneer for some time they refuse to accept Financial services base company payment and bitwage is also not good enough for this right now only option any debit card which can accept payment on my behalf.

Abdussamad

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Quote from: Indymoney on February 25, 2019, 07:24:59 AM

Thanks for both replies but company only paying SEPA or Card payment nothing else so I am afraid I am going to lost this amount.

Payoneer or bitwage are options for you: https://www.bitwage.com/for-individuals/

Edit: SEPA is euro area bank transfers. If they are willing to do bank transfers then why not international wires via SWIFT? Ask them about it. It is unreasonable of them to expect a Pakistani to take euro area transfers since you are obviously not in europe. Note SEPA is very cheap but SWIFT costs significant sums. SWIFT payments of less than a $1000 are not really practical. Expect to lose $40-60 in bank fees.

Quote from: ?? on ??

Bitcoin to Skrill and Skrill to Jazz Cash works fine as well (I know someone personally who does this all the time). However, JazzCash does have some low limits, and you'll also have to verify your Skrill account.

Is this cheaper than localbitcoins or is he doing it because he's not aware of localbitcoins?

UmerIdrees

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Quote from: lolxxxx on February 25, 2019, 08:15:35 AM

So,

After reading all the comments here.

What is the safest way to convert our bitcoin payments in PKR.

@Abdussamad
@shahzadafzal
@everyone

For me local bitcoins is the best option to convert bitcoins into PKR. The escrow system works perfectly and i personally use this service without any issue after Urdubit was shut down.
The safest way can be any of your trusted person dealing in buying and selling bitcoins privately.

lolxxxx

legendary

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So,

After reading all the comments here.

What is the safest way to convert our bitcoin payments in PKR.

@Abdussamad
@shahzadafzal
@everyone

Indymoney

full member

Activity: 896

Merit: 236

Quote from: ?? on ??

Quote from: Abdussamad on February 24, 2019, 11:04:24 PM

Quote from: Indymoney on February 24, 2019, 01:30:34 PM

Any one have information about bitcoin related debit card which is working in Pakistan I need this very urgently as have some payment stuck which I can withdraw through only card.

I know of no such card. What sort of situation is this that you find yourself in? If you have bitcoin you can send it anywhere. You can sell on localbitcoins and receive money via bank, easypaisa, jazz cash etc. If you don't have bitcoin then try payoneer. It's a solution people use to get money from freelancing sites.

Bitcoin to Skrill and Skrill to Jazz Cash works fine as well (I know someone personally who does this all the time). However, JazzCash does have some low limits, and you'll also have to verify your Skrill account.

Thanks for both replies but company only paying SEPA or Card payment nothing else so I am afraid I am going to lost this amount.

Abdussamad

legendary

Activity: 3766

Merit: 1601

Quote from: Indymoney on February 24, 2019, 01:30:34 PM

Any one have information about bitcoin related debit card which is working in Pakistan I need this very urgently as have some payment stuck which I can withdraw through only card.

I know of no such card. What sort of situation is this that you find yourself in? If you have bitcoin you can send it anywhere. You can sell on localbitcoins and receive money via bank, easypaisa, jazz cash etc. If you don't have bitcoin then try payoneer. It's a solution people use to get money from freelancing sites.

Quote from: shahzadafzal on February 24, 2019, 01:48:23 PM

Actually all media and including FMU itself, are referring to the same circulars issued by Sate Bank in April 2018.

Yes I agree SOB is not a law maker, and if we are doing clean business (no money laundering involved) we are good to go. After all Bitcoin is suppose to be all online and anonymous and we can avoid disclosing our personal or physical presence as much as we can...

The SBP is sowing FUD - fear, uncertainty and doubt because ATM they see this as the best way to deal with bitcoin. Apart from that the country has a history of banning new technologies so this just fits into the general backward mindedness of the people. At some point I do expect our law makers to legislate against bitcoin. It's guaranteed to happen because of our history. It's also guaranteed to be openly flouted like most laws in the country.

shahzadafzal

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Quote from: Abdussamad on February 24, 2019, 12:07:16 AM

BTW that last link you included from the FMU site does not call bitcoin illegal either. It is carefully worded to mislead you. Saying something is not legal tender is not the same thing as saying it is illegal. Legal tender has a specific meaning which I suggest you lookup. FYI even dollars, euros etc. are not legal tender in Pakistan.

Actually all media and including FMU itself, are referring to the same circulars issued by Sate Bank in April 2018.

Yes I agree SOB is not a law maker, and if we are doing clean business (no money laundering involved) we are good to go. After all Bitcoin is suppose to be all online and anonymous and we can avoid disclosing our personal or physical presence as much as we can...

Indymoney

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Any one have information about bitcoin related debit card which is working in Pakistan I need this very urgently as have some payment stuck which I can withdraw through only card.

Abdussamad

legendary

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FIA itself is insecure about it's position on this matter because it is not illegal to buy and sell bitcoin in pakistan:

https://propakistani.pk/2018/02/06/fia-recommends-govt-declare-bitcoins-illegal-pakistan/

Also I suggest you visit localbitcoins and see for yourself. Trading carries on normally. No one is worried.

BTW that last link you included from the FMU site does not call bitcoin illegal either. It is carefully worded to mislead you. Saying something is not legal tender is not the same thing as saying it is illegal. Legal tender has a specific meaning which I suggest you lookup. FYI even dollars, euros etc. are not legal tender in Pakistan.

shahzadafzal

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Quote from: Abdussamad on February 23, 2019, 11:13:56 PM

SBP doesn't make the laws in Pakistan. It can only prohibit financial institutions from touching crypto. In fact the SBP's ban is unconstitutional because one of the fundamental rights we enjoy is to be able to buy anything we like as long as it's legal. If we had decent sized exchanges they could have taken the SBP to court over the ban. Instead the only exchange we had folded overnight. In India they had large exchanges which took the matter to court and the government over there has had to re-evaluate their central bank's ban.

I wish if that could happen in Pakistan.

You know if we get caught by FIA let say buying or selling crypto, we will spend rest of our life proving innocent. Of course if some big guns are there they can amend the law so until now; the documented law is silent and FIA just know one thing "Cryptocurrencies are illegal", this is the first hand information from FIA Cyber wing in Islamabad, I got it personally.

Same statement from Financial Monitoring Unit http://www.fmu.gov.pk/virtual_currency.html

Topic: Pakistan - page 1143. (Read 7094008 times)