From Shadows to Lights ๐ Pakistan's cryptocurrency market, valued at 21 billion dollars, is approaching legal status
1. Pakistan's Leap into the 21 Billion Dollar Cryptocurrency World
The story of cryptocurrency in Pakistan is undergoing a transformation. Although it is illegal in the eyes of banks, citizens have already invested 21 billion dollars in cryptocurrencies. Peer-to-peer trading and exchanges have kept the market vibrant, proving that digital currencies are too strong to be suppressed.
2. Challenge Meets Legitimacy
In 2018, the central bank prohibited banks from dealing with cryptocurrencies. However, trading in homes and WhatsApp groups flourished. Licensing now provides comfort but also involves risks. Will the rules inspire innovation or bury activity in bureaucracy? Let's be positive.
3. Military Oversight and Politics
With the military controlling economic policy, politicians have limited room to maneuver. The 21 billion dollar sector needs transparency, but power struggles risk turning regulation into control, limiting its benefits to citizens.
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