Again, an unclear notice.
I'm writing a book named "The beginner's guide to bitcoin for... governments!", will share it here once it's ready. Hopefully, I'll get some good coverage for it through crypto news websites.
Topic: Pakistan - page 1146. (Read 7092118 times)
Again, an unclear notice.
I'm writing a book named "The beginner's guide to bitcoin for... governments!", will share it here once it's ready. Hopefully, I'll get some good coverage for it through crypto news websites.
Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.
Source for this news? There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.
Like I said it is not illegal in Pakistan. FIA can only shake people down for bribes. Any such case won't hold up in a court of law because there is no law against it. Even the SBP's actions are limited to restricting banks from dealing with cryptocurrencies. You can still trade in cash and even use the banking system as long as the banks don't find out which is what most localbitcoin traders do.
Basically they can't create a law against bitcoin right now because it would be a disproportionate response:
1) It's too small for parliamentarians to care about. They are the ones that create laws in the country not SBP or FIA.
2) any such law will only attract attention to bitcoin which will widen its use in Pakistan especially since laws are generally not enforced in the country.
3) it's not illegal in foreign countries that are far richer than Pakistan so making it illegal in Pakistan will make it impossible to enforce the law even if you wanted to. You can simply buy from and sell to foreigners.
So instead of making it illegal they are just spreading FUD about it.
i will say that current goverment's it minster is not capable enough to understand the blockchain.. pakistanis are not educated enough to understand the crypto it is just a mean making money
Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.
Source for this news? There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.
Like I said it is not illegal in Pakistan. FIA can only shake people down for bribes. Any such case won't hold up in a court of law because there is no law against it. Even the SBP's actions are limited to restricting banks from dealing with cryptocurrencies. You can still trade in cash and even use the banking system as long as the banks don't find out which is what most localbitcoin traders do.
Basically they can't create a law against bitcoin right now because it would be a disproportionate response:
1) It's too small for parliamentarians to care about. They are the ones that create laws in the country not SBP or FIA.
2) any such law will only attract attention to bitcoin which will widen its use in Pakistan especially since laws are generally not enforced in the country.
3) it's not illegal in foreign countries that are far richer than Pakistan so making it illegal in Pakistan will make it impossible to enforce the law even if you wanted to. You can simply buy from and sell to foreigners.
So instead of making it illegal they are just spreading FUD about it.
i will say that current goverment's it minster is not capable enough to understand the blockchain.. pakistanis are not educated enough to understand the crypto it is just a mean making money
Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.
Source for this news? There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.
Like I said it is not illegal in Pakistan. FIA can only shake people down for bribes. Any such case won't hold up in a court of law because there is no law against it. Even the SBP's actions are limited to restricting banks from dealing with cryptocurrencies. You can still trade in cash and even use the banking system as long as the banks don't find out which is what most localbitcoin traders do.
Basically they can't create a law against bitcoin right now because it would be a disproportionate response:
1) It's too small for parliamentarians to care about. They are the ones that create laws in the country not SBP or FIA.
2) any such law will only attract attention to bitcoin which will widen its use in Pakistan especially since laws are generally not enforced in the country.
3) it's not illegal in foreign countries that are far richer than Pakistan so making it illegal in Pakistan will make it impossible to enforce the law even if you wanted to. You can simply buy from and sell to foreigners.
So instead of making it illegal they are just spreading FUD about it.
I watch on ARY News and now FIA is working on Cyber Force they are saying they will take some tough and stick actions against bitcoin dealers I have personally watch one person arrested by them in our area and they are doing crackdowns against few Cyber Cafes as well as they believe they are affiliated with these activities.
I did watch that programme as well but it wasn't directly related to bitcoin; those people were actually stealing the money on the name of bitcoin (taking cash and providing them back a fixed amount of interest on a monthly basis).
Source for this news? There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.
http://www.sbp.org.pk/bprd/2018/C3.htm
That's all that we know in Pakistan regarding crypto.
Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.
Source for this news? There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.
Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.
Source for this news? There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.
rousivi
again how a fiat to crypto transfer platform over banks can be decentralized?
trading platform will be decentralized but off course exchange will be centralized. again how a fiat to crypto transfer platform over banks can be decentralized?
in addition to that fiat currency exchange is also part of this platform due to low crypto marketcap.
rousivi
again how a fiat to crypto transfer platform over banks can be decentralized?
Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future. again how a fiat to crypto transfer platform over banks can be decentralized?
rousivi
again how a fiat to crypto transfer platform over banks can be decentralized?
again how a fiat to crypto transfer platform over banks can be decentralized?
i met with finance minister of Pakistan Asad umar and he is positive about crypto regulation
Can you please tell us more about that meetup?
But in the begining PAKDAX will only use fiat currencies for trading and for payment gateway.
new western-union and paypal of Pakistan!!
And much more discussion.
my Pakistani friends whats the crypto situation in Pakistan right now I can see market in a deep correction all weak hands leaving so Pakistani also leaving or keep bearing with the market right now ?
my situation is I am still standing with crypto crisis hope these situation will turn off soon.
crpto is wiping out from market alot happen between $800B to $64B.my situation is I am still standing with crypto crisis hope these situation will turn off soon.
i met with finance minister of Pakistan Asad umar and he is positive about crypto regulation but the problem is state bank and state bank is independent institute. No IT professionals and planners.
my Pakistani friends whats the crypto situation in Pakistan right now I can see market in a deep correction all weak hands leaving so Pakistani also leaving or keep bearing with the market right now ?
my situation is I am still standing with crypto crisis hope these situation will turn off soon.
my situation is I am still standing with crypto crisis hope these situation will turn off soon.
any new project idea which is easy to operate and good profit legitimate business model
yes i have idea with full business model.If you want to work with me feel free to contact telegram @Myxavier .
Don't worry about operating and other stuff.
u might need to change ur sites name coz dax (dex) probably means decentralized
also u coding the platform urself?
Chinese and Turkish developers works on PAKDAX. and i'm working On legalization.
wait u meant u are creating a platform which turn crypto into fiat and u want it to be decentralized ?
thats not decentralization bro
Perfect Money is the one of the e-currency. Few days ago i received my payment and i sell PM (PerfectMoney) US dollars and 1PM= 126 PKR. I was surprised. I think this is good to invest individually but on the other side i feel very bad because our currency fell down badly. But we hope for the right time.
Perfect Money is not an e-currency, it's an online payment processor. 1 PM USD = 1 USD = 126 PKR. It's similar to PayPal, Skrill, Payza, etc.
BTW, I'd suggest you remain careful with Perfect Money. In 2013, a very similar payment processor (Liberty Reserve) was brought down by US government and I lost quite a lot that time. Sooner or later, Perfect Money might end the same way.
I watch on television FIA arrests many dealers involved in Crypto Currencies business and Government doing very serious crackdown on them which is really bad because we need to spread this for very positive and good future but these are blocking just for personal issues without doing any research and any work.
Perfect Money is the one of the e-currency. Few days ago i received my payment and i sell PM (PerfectMoney) US dollars and 1PM= 126 PKR. I was surprised. I think this is good to invest individually but on the other side i feel very bad because our currency fell down badly. But we hope for the right time.
any new project idea which is easy to operate and good profit legitimate business model
yes i have idea with full business model.If you want to work with me feel free to contact telegram @Myxavier .
Don't worry about operating and other stuff.
u might need to change ur sites name coz dax (dex) probably means decentralized
also u coding the platform urself?
Chinese and Turkish developers works on PAKDAX. and i'm working On legalization.
any new project idea which is easy to operate and good profit legitimate business model
yes i have idea with full business model.If you want to work with me feel free to contact telegram @Myxavier .
Don't worry about operating and other stuff.
u might need to change ur sites name coz dax (dex) probably means decentralized
also u coding the platform urself?
is there any who can audit my twitter handler pls?
Just check with this guy he did my re-audit for free I don't know if he offers free audit service more.
Profile link: https://bitcointalksearch.org/user/lemonrabid-1728877
Thanks buddy!
is there any who can audit my twitter handler pls?
Just check with this guy he did my re-audit for free I don't know if he offers free audit service more.
Profile link: https://bitcointalksearch.org/user/lemonrabid-1728877
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