The government has taken an important decision regarding cryptocurrency

 The government has taken an important decision regarding cryptocurrency

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ISLAMABAD: The government has decided to stop cryptocurrency services on the internet to prevent cryptocurrencies.

In the meeting of the Senate Standing Committee on Finance, the officials said that the State Bank and the Ministry of IT have started working on cryptocurrency.

In the meeting of the Senate Standing Committee on Finance, the officials said that the State Bank and the Ministry of IT have started working on cryptocurrency.

Minister of State for Finance Ayesha Ghos Pasha said that cryptocurrency will never be legalized in Pakistan, FATF has also imposed conditions, cryptocurrency will not be allowed.

State Bank officials said that cryptocurrency market has decreased from 2.8 trillion dollars to 1.2 trillion dollars, cryptocurrency is high risk which is only currency, fraud in cryptocurrency, will never be allowed in Pakistan.

Senator Salim Mandviwala said that billions of dollars have been invested in cryptocurrency from Pakistan.

State Bank officials said that FIA is taking action on Pakistani investment in crypto currency, more than 16 thousand crypto currencies have been created.