Crypto policy in disarray as SBP, ministry insist ban is still in place – Pakistan
• SBP exec says crypto transactions illegal, cases being referred to law enforcement
• Finance secretary says legal framework will only be introduced if govt legalises crypto
• Pakistan unveils first govt-led Strategic Bitcoin Reserve
ISLAMABAD: Amid growing official promotion of Bitcoin adoption, both the State Bank of Pakistan (SBP) and the Ministry of Finance (MoF) on Thursday said that cryptocurrency remains banned in the country and all its transactions are illegal under current regulations.
During a meeting of the National Assembly’s Standing Committee on Finance and Revenue, Finance Secretary Imdadullah Bosal said that although the prime minister had recently formed a Crypto Council — chaired by the finance minister —…
