Greerings everyone! Today I am going to share a news about cryptocurrency regulation in my country Pakistan.

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Assalamualaikum

Hello friends, how are you? I hope that all of you will be well and will be happy with the grace and grace of Allah Ta'ala. And I hope everyone is in a good mood and enjoying their wonderful journey by the grace of Allah. So let's start with the name of Allah Ta'ala. Today I come again to the wonderful community known as Steem4Bloggers for sharing a news about currently crypto currency regulations in my country.

After the recent decision of the Senate Standing Committee of the Government of Pakistan the future of crypto is uncertain for the people of Pakistan.

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The government is Gearing up for a tough crackdown on cryptocurrencies with the intention of banning all buying and selling of digital assets. Additionally al websites linked to or related to cryptocurrencies will be blocked on the internet.

While the world is planning to bring CBDC and create laws or policies for investors in crypto, we are still stuck in a culture of prohibition.

Source

This has cost the country and citizens a lot when they banned YouTube years ago (now it is working) Paypal service is not available or unwilling to come because of State Bank of Pakistan and Now he has given a clear statement. Crypto currency will never be in Pakistan.

Let's take a look at the current situation in the country from last week to understand what is happening here.

Political maneuvers and economic situation in Pakistan
Inflation is already a big problem and the country is going through the worst economic crisis where everything costs 10 times the cost of living and now

Meanwhile, the government is still playing chess moves.

It all started when the former prime minister was arrested by the Rangers and his supporters across the country staged street protests but turned out to be more violent.

So the government shut down the internet service across the country took down social media like facebook, twitter which was restored after 3 days and that was the reason for the inactivity a few days ago.

The impact of internet shutdowns on freelancers and ecommerce and more

People are making a living on the internet because they have done business or invested in something and when the internet was down, no one could work whether it was a freelancer, an e-commerce or a crypto investor.

The 2023 has seen a huge boom in the cryptocurrency world with every coin increasing in value and showing no signs of stopping. Unfortunately, there is not much awareness regarding cryptocurrency in Pakistan and they are missing out on this great opportunity. If you have decided to buy cryptocurrency in Pakistan then you have undoubtedly made the best decision of your life because now is the best time to invest your money.

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