{"id":34756,"date":"2021-01-14T20:46:04","date_gmt":"2021-01-14T18:46:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34756"},"modified":"2025-08-28T22:04:11","modified_gmt":"2025-08-28T19:04:11","slug":"pakistans-khyber-pakhtunkhwa-province-to-mine-bitcoin-with-state-funds","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/pakistans-khyber-pakhtunkhwa-province-to-mine-bitcoin-with-state-funds\/","title":{"rendered":"Pakistan&#8217;s Khyber Pakhtunkhwa province to mine Bitcoin with state funds"},"content":{"rendered":"<p>Authorities of Pakistan&#8217;s Khyber Pakhtunkhwa province have decided to establish two mining ventures to mine Bitcoin, <a href=\"https:\/\/www.bolnews.com\/latest\/2021\/01\/khyber-pakhtunkhwa-government-to-install-two-bitcoin-mining-plants\/\" target=\"_blank\" rel=\"noopener noreferrer\">local media<\/a><!--more--><\/p>\n<p>According to Ziaullah Bangash, adviser to the Chief Minister for Information Technology, the regional government has already approved budget allocations for the project.<\/p>\n<p>He noted that the provincial assembly passed the relevant law. Authorities also issued a separate act permitting private entrepreneurs to issue digital currencies without legal consequences.<\/p>\n<p>The provincial government believes Pakistan should not fall behind in mining, Bangash added. He expects other regions of the country will follow their example.<\/p>\n<p>According to the adviser, the leaders in cryptocurrency mining are the United States, followed by Nigeria, China, Canada, the United Kingdom and India.<\/p>\n<p>In April 2018, the State Bank of Pakistan prohibited cryptocurrency operations, stating that they are not legal tender.<\/p>\n<p>In December, the National Assembly of Pakistan <a href=\"https:\/\/forklog.com\/en\/news\/pakistans-government-urged-to-legalise-cryptocurrencies-and-mining\">appealed to the federal authorities<\/a> to legalize ownership of digital assets and mining.<\/p>\n<p>Subscribe to Forklog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The authorities of Pakistan&#8217;s Khyber Pakhtunkhwa province have decided to establish two Bitcoin mining ventures, local media report.<\/p>\n","protected":false},"author":1,"featured_media":34757,"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":[1137,1774],"class_list":["post-34756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-pakistan"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34756","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=34756"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34756\/revisions"}],"predecessor-version":[{"id":34758,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34756\/revisions\/34758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/34757"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=34756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=34756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=34756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}