Quote from: Muhammad Muneeb on December 11, 2018, 06:48:06 PM

Quote from: Abdussamad on December 09, 2018, 11:17:51 PM

Quote from: Indymoney on December 08, 2018, 08:58:17 AM

Quote from: Abdussamad on December 07, 2018, 09:39:21 PM

Quote from: Indymoney on November 26, 2018, 09:08:51 PM

Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.

Source for this news? There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.

I watch on ARY News and now FIA is working on Cyber Force they are saying they will take some tough and stick actions against bitcoin dealers I have personally watch one person arrested by them in our area and they are doing crackdowns against few Cyber Cafes as well as they believe they are affiliated with these activities.

Like I said it is not illegal in Pakistan. FIA can only shake people down for bribes. Any such case won't hold up in a court of law because there is no law against it. Even the SBP's actions are limited to restricting banks from dealing with cryptocurrencies. You can still trade in cash and even use the banking system as long as the banks don't find out which is what most localbitcoin traders do.

Basically they can't create a law against bitcoin right now because it would be a disproportionate response:

1) It's too small for parliamentarians to care about. They are the ones that create laws in the country not SBP or FIA.

2) any such law will only attract attention to bitcoin which will widen its use in Pakistan especially since laws are generally not enforced in the country.

3) it's not illegal in foreign countries that are far richer than Pakistan so making it illegal in Pakistan will make it impossible to enforce the law even if you wanted to. You can simply buy from and sell to foreigners.

So instead of making it illegal they are just spreading FUD about it.

i will say that current goverment's it minster is not capable enough to understand the blockchain.. pakistanis are not educated enough to understand the crypto it is just a mean making money

We need to educate peoples for this because its not easy and going to take some time so don't worry not only current government many previous governments also not understand many things and create too many problems but we need positive mind and positive approach God will bless us