Pakistan Forms Committees to Decide Whether Crypto Should Be Legalized or Banned

Pakistan Forms Committees to Decide Whether Crypto Should Be Legalized or Banned


The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business and come up with recommendations on the country’s crypto policy.

Committees Constituted to Decide on the Legal Status of Cryptocurrency in Pakistan

Pakistan’s federal government has constituted three sub-committees to decide the future of cryptocurrency and related businesses in the country, the Express Tribune reported Tuesday citing documents it has seen.

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The sub-committees were formed during a meeting chaired by Finance Secretary Hamed Yaqoob Sheikh to decide whether to legalize or ban cryptocurrency business. They will review all aspects of the cryptocurrency business and come up with recommendations on the country’s crypto policy. Their proposals

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