Cryptocurrencies remain outside the tax net due to the absence of proper laws under the Federal Board of Revenue (FBR) to regulate the digital currency, the Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah said.

In an awareness session held with the business community in Islamabad, FTO Coordinator Saif-ur-Rehman said a complainant drew attention to the growing scale of crypto adoption in Pakistan, which is now the sixth-largest adopter of cryptocurrency globally.