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The Peshawar High Court (PHC) has directed the federal government to formulate a policy within two months regarding the prevention of illegal business and trading of crypto currency across the country, including Khyber Pakhtunkhwa. It has also ordered the government to submit a report. A division bench consisting of Justice Syed Arshad Ali and Justice Dr Khurshid Iqbal issued this order while hearing a petition filed by Barrister Huzaifa Ahmad, who represented himself in court. Deputy Attorney General Bilal Durrani represented the federal government. The petitioner contended that in this era of technology, the concept of digital currency has emerged, through which money is transferred digitally. However, there is no regulation or legal framework to control such currencies. He said the State Bank of Pakistan, through a notification issued in 2018, declared such online business activities illegal. Despite this, many individuals continue to operate on various digital platforms. According to the petitioner, not only are coaching centers and training academies operating in the K-P offering services related to cryptocurrency and forex trading, but they are also being promoted through social media platforms such as TikTok, Facebook, and YouTube. These academies are functioning illegally without any government monitoring. The petitioner said operators and traders are able to collect, withdraw, and freeze funds online, and that the relevant authorities are aware of this illegal trade but have taken no action to stop it. He said he had written to the concerned authorities in this regard but received no response.

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Call it a crypto coup

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#TarrifPause In an unexpected twist of fate, the United States has chosen to suspend its tariffs, a decision that ripples through the tapestry of global commerce and the arena of political discourse. This shift, intertwined with the legacy of former President Donald Trump, emerges as a calculated pivot, potentially softening the discord with vital trading allies.The seekers of fortune in the marketplace have embraced this change with open arms, as the gears of trade hum with renewed vigor, promising lower costs for goods crossing borders and a steadying hand on the fragile threads of supply networks. Those who craft and innovate, particularly in the realms of industry and technology, may find solace in this reprieve from the burdens of global exchange.Yet, this choice stirs the waters of philosophical contention. Its champions herald it as a wise and fruitful path, a means to nurture prosperity, while its detractors lament a possible erosion of the nation's strength at the bargaining table. Trump, a figure steadfast in his trade convictions, suggests this pause is but a fleeting moment—a single note in a grander symphony of economic purpose, perhaps tuned to the ambitions of a 2024 horizon.

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Behold, a clarion call to the seekers of fortune in the realms of Pakistan and India, where the winds of cryptocurrency whisper both promise and peril. I have gazed upon a multitude of voices lamenting their fates—proclaiming losses of great sums, renouncing the halls of Binance, and forsaking the path of crypto entirely. In their haste, they cast aside their holdings, driven by the tempests of panic, a choice far removed from the serene wisdom of the seasoned investor.Contemplate this truth: the domain of cryptocurrency is not a fleeting mirage, offering swift riches to transform a humble hundred into a triumphant two hundred by dawn’s light. Nor is it a sacred spring, yielding bounty without toil. Such notions are but shadows of illusion, fleeting and false.Thus, I offer you the eternal principles of the enlightened crypto sojourner: Seek first the wisdom of the ages—immerse thyself in the language of finance and the rhythms of the market. Know that this journey is a tapestry woven with patience, not a sprint toward instant gain. Once thy stake is cast, resist the siren call of ceaseless vigilance over shifting prices, for it stirs only the restless waters of the soul. And above all, wager only that which thou canst release to the winds—never the treasures that sustain thy hearth and home.Cryptocurrency is a realm reserved for those whose spirits are forged in resilience, whose gaze pierces beyond the horizon to a distant dawn. If thou dost grasp this, let thy choices henceforth be guided by the light of understanding.#PakistaniCrypto #IndiaCrypto #Binance

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