Government given three months time to regulate cryptocurrencies

During the hearing, the SHC asked for a report to be presented before the court on the matter within three months.

The Sindh High Court has given three months time to the government to regulate cryptocurrencies in the country. During todays hearing of a petition challenging the ban on cryptocurrencies, the court directed to constitute a high-level committee headed by federal secretary of finance

The head of the committee will be responsible to look over the matter related to regulating cryptocurrencies in the country. The members of the Federal Investigation Agency (FIA), State Bank of Pakistan (SBP) and the petitioners were present during today’s proceedings.

During the hearing, the SHC asked for a report to be presented before the court on the matter within three months.

Moreover, the court also asked to take necessary steps to regulate cryptocurrencies in consultation with all stakeholders, including representatives of the Security and Exchange Commission of Pakistan (SECP), SBP, the Ministry of Law, and the Ministry of IT.

Not just in Sindh High Court but a case related to cryptocurrencies was also heard at the Lahore High Court (LHC). Pakistan has witnessed a boom in cryptocurrency market in the recent months.

There are a number of cryptocurrency related groups on social media with thousands of followers. Moreover, videos related to cryptocurrency in Urdu have also been watched by thousands of people on YouTube.

What are your views on this? Share in the comments bar below. 


Featured Content⭐


Most viewed in last 24 hours


24 گھنٹوں کے دوران 🔥


>