Post
Topic
Board Legal
Re: Pakistan has started work on legalizing bitcoin and other cryptocurrencies
by
Sayeds56
on 26/02/2021, 12:12:41 UTC
While India is following the path of banning cryptocurrencies and "tightening the screws" - Pakistan is showing the opposite example! Bravo! This is a very smart step in the 21st century! The competitive advantages of countries mastering this complex topic will be undeniable in the near future. In my opinion, it is stupid to prohibit something when you can participate and manage the process. Receive taxes and other pleasant investment bonuses. Governments must think about budgets!

Well said. Indeed, it is a smart move by Pakistan to take initiative to adopt this great technology rather than remain in Denial  mode . Blockchain technology has changed the fortune of Individuals during recent past and it can also help government in implementing Ecommerce in every field of life as well as  create jobs for our IT graduates. The very next step what Government should take is to allow crypto Exchanges like https://urdubit.com/ to operate in Pakistan like many developed countries. It can be a good source of Tax revenue like Stock Market.