https://tribune.com.pk/story/1679446/2-pakistan-bans-cryptocurrencies/
Pakistan bans crypto-currencies
Yesterday India, today us.
EDIT: Official statement from State Bank:
http://www.sbp.org.pk/press/2018/Pr-VC-06-Apr-18.pdf
Pakistan bans crypto-currencies
Yesterday India, today us.
EDIT: Official statement from State Bank:
http://www.sbp.org.pk/press/2018/Pr-VC-06-Apr-18.pdf
So,
What should we do now?
Keep using Bitcoins if so How can we cash it out securely?
Edit: Time to say goodbye then, Though I have almost left the Bitcoin, Let's see if something good comes up I'll join back.
Who calls this ban? The news channels are shit
Quote
Neither recognized as a Legal Tender nor has SBP authorized or licensed any individual or entity for the issuance, sale, purchase, exchange or investment in any such Virtual Currencies/Coins/Tokens in Pakistan.
Exactly. That's what I've been wondering too. The subject of the notification is "CAUTION REGARDING RISKS OF VIRTUAL CURRENCIES", it's NOT the ban.
Dawn News has published this in a better way:
https://www.dawn.com/news/1400103/state-bank-warns-against-trade-in-virtual-currencies
"State Bank warns against trade in virtual currencies"
It's a warning, not a ban.
Well what I see is that it will be banned soon, Or they will do something. They are not getting free money that is why they wants to ban bitcoin.
However, One thing is correct that it can be used by terrorist easily but I suggest government to make their own exchange of bitcoin Pakistan so they can add tax on the transactions and can have the record of transactions by that everything will be fine.
No one can control bitcoin, this is what the purpose of the bitcoin is. So govt cant do anything about it. People are using it, people will use it. It may have some short-term effects, but people will forget it soon.
