{"id":32843,"date":"2020-12-04T15:13:49","date_gmt":"2020-12-04T13:13:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32843"},"modified":"2025-08-28T10:43:49","modified_gmt":"2025-08-28T07:43:49","slug":"pakistans-government-urged-to-legalise-cryptocurrencies-and-mining","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/pakistans-government-urged-to-legalise-cryptocurrencies-and-mining\/","title":{"rendered":"Pakistan&#8217;s Government Urged to Legalise Cryptocurrencies and Mining"},"content":{"rendered":"<p>The National Assembly of Pakistan has urged local authorities to enact laws governing cryptocurrency ownership and bitcoin mining, according to government adviser Zia Ullah Bangash.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">KP Assembly passes resolution regarding Cryptocurrency and Cryptomining demanding federal govt to take steps to legalise <a href=\\\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&#038;ref_src=twsrc%5Etfw\\\">#cryptocurrency<\/a> and <a href=\\\"https:\/\/twitter.com\/hashtag\/cryptomining?src=hash&#038;ref_src=twsrc%5Etfw\\\">#cryptomining<\/a> in Pakistan. <a href=\\\"https:\/\/twitter.com\/hashtag\/DigitalPakistan?src=hash&#038;ref_src=twsrc%5Etfw\\\">#DigitalPakistan<\/a> <a href=\\\"https:\/\/t.co\/8a9CAL6zyr\\\">pic.twitter.com\/8a9CAL6zyr<\/a><\/p>\n<p>\u2014 Zia Ullah Bangash (@ZiaBangashPTI) <a href=\\\"https:\/\/twitter.com\/ZiaBangashPTI\/status\/1334111818348974080?ref_src=twsrc%5Etfw\\\">December 2, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Pakistan, with a population of 212 million, faces &#8216;serious economic problems&#8217;, including a downturn in production.<\/p>\n<blockquote>\n<p>&#8216;We urge the central government to give careful consideration to our proposal to legalise cryptocurrency,&#8217; the resolution signed by assembly advisers and ministers said.<\/p>\n<\/blockquote>\n<p>The proposal is addressed to the Chief Minister of Khyber Pakhtunkhwa.<\/p>\n<p>According to the authors of the resolution, the region&#8217;s cool climate, cheap energy and availability of labour make it attractive for cryptocurrency mining.<\/p>\n<p>In the absence of regulatory legislation, local Bitcoin enthusiast Waqar Zaka, with the help of the Khyber Pakhtunkhwa government, established the region&#8217;s first mining farm.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Illegal in Pakistan , Court case delayed , but I manage to install Pakistan\u2019s first and biggest crypto mining Farm in KPK with the help of KPK Government using this as research based project <a href=\\\"https:\/\/t.co\/Mk2wtu2ttS\\\">https:\/\/t.co\/Mk2wtu2ttS<\/a><\/p>\n<p>\u2014 Waqar Zaka (@ZakaWaqar) <a href=\\\"https:\/\/twitter.com\/ZakaWaqar\/status\/1334744885283463169?ref_src=twsrc%5Etfw\\\">December 4, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote>\n<p>&#8216;I managed to establish Pakistan&#8217;s first and largest cryptocurrency mining farm in Khyber Pakhtunkhwa under the guise of a research project,&#8217; he said.<\/p>\n<\/blockquote>\n<p>Earlier Zaka, through the courts, sought to legalise cryptocurrencies in the country. The next hearing in the case is scheduled for December 17.<\/p>\n<p>In April 2018, the State Bank of Pakistan banned cryptocurrency operations, saying they are not a legal means of payment.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Assembly of Pakistan has urged local authorities to enact laws governing cryptocurrency ownership and bitcoin mining, according to government adviser Zia Ullah Bangash.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1774,36],"class_list":["post-32843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-pakistan","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32843"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32843\/revisions"}],"predecessor-version":[{"id":32844,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32843\/revisions\/32844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}