Is Crypto Ban in Pakistan With Tagging Illegal?

👉The National Assembly’s Finance Committee was informed that cryptocurrencies remain illegal in Pakistan, with no parliamentary approval for their use.

👉Despite this, a crypto task force has been formed to explore future regulations.

👉Financial authorities confirmed ongoing investigations against crypto-related activities, with agencies like the FIA and FMU monitoring transactions.

👉Concerns were raised over the allocation of 2,000MW electricity for crypto mining while industries face power shortages.

👉Lawmakers questioned the impact on money laundering, terror financing, and rising circular debt. The committee decided to summon relevant stakeholders for a detailed briefing on the crypto policy and energy allocations.#PakistanAndCrypto #CryptoNewss