🚨 Big News: Pakistan is Taking Steps Toward Adopting Crypto Legally! 🇵🇰💸
Pakistan is finally setting the stage for legal adoption of crypto and forming a crypto council — a major leap forward! 🙌
But before we celebrate too hard, let’s talk about the real next challenge: TAXATION. 📉📈
✅ If crypto becomes legal, that’s great for innovation, startups, and tech enthusiasts.
❗BUT... legality also means regulations, and yes — TAXES will follow.
Here’s what we should expect: 🔹 Capital Gains Tax on crypto profits
🔹 Withholding taxes on exchanges like Binance
🔹 Reporting of large crypto transactions
🔹 Possibly GST or service tax on transaction fees
🔹 Strict KYC/AML for all users
So yeah, legality sounds good — but traders need to be prepared. It won’t be the tax-free wild west anymore. If you're a regular trader, you’ll need to track profits/losses, maintain transaction history, and possibly even hire a tax advisor. 😅
💬 What do you think? Is legal crypto with taxes still a win for Pakistan? Or will taxes ruin the game?
Share your thaughts in comments.