Has Pakistan’s Bitcoin bet crashed before takeoff? Central bank, ministry say crypto ban stays – Firstpost
The State Bank of Pakistan (SBP) and finance ministry clarified that all cryptocurrency transactions remain illegal under current regulations, leading to confusion among lawmakers and investors
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Even as Pakistan’s top crypto official inks a deal with the crypto firm linked to the Donald Trump family, the country’s central bank as well as the finance ministry have clarified that the digital asset remains “banned”.
In a move being hailed as ‘strategic’, Pakistan Crypto Council CEO Bilal Bin Saqib on Wednesday (May 28)
announced
the establishment of the country’s first government-backed Strategic Bitcoin reserve. In April, the council also inked a deal with the World Liberty Financial Inc (WLFI), a
crypto firm
in which…
