CryptoMediaClub
Tuesday, October 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Crypto Remains Illegal in Pakistan Despite State-Led Bitcoin Initiatives

30.05.2025
A A
0
120
VIEWS
ShareShare

Despite increasing government-backed initiatives promoting Bitcoin adoption, Pakistan’s top financial authorities the State Bank and Ministry of Finance clarified on Thursday that cryptocurrency remains banned, with all related transactions deemed illegal under existing laws.

As per local media reports, during a recent meeting official meeting on Finance and Revenue, Finance Secretary Imdadullah Bosal clarified that although the prime minister has established a Crypto Council, led by the finance minister through an executive order to explore digital asset policy, the country’s cryptocurrency ban remains firmly in place under regulations set by the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP)

The central bank issued a directive in 2024 declaring Bitcoin and other cryptocurrencies illegal, a position that remains unchanged.

Pakistan’s Crypto Council CEO Bilal Bin Saqib, who was recently named as PM’s assistant on crypto and blockchain, announced at the Bitcoin 2025 conference in Las Vegas that the country is moving ahead with a Bitcoin reserve.

Officials Highlight Crypto Policy Inconsistency

Committee members voiced concern over the government’s inconsistency in regards to crypto policy, questioning why the public was being encouraged to invest in crypto despite its legal ban, warning that such actions could expose investors to serious risks.

Recently Pakistan’s government announced to allocate 2,000 megawatts of electricity to power Bitcoin mining and artificial intelligence (AI) data centres. Committee members raised questions about whether the bitcoin mining would be in government or private sector hands, and noted that illegal hawala channels would likely be replaced by unregulated digital transfers.

⛏ Pakistan has committed 2,000 megawatts of surplus electricity to fuel Bitcoin mining and artificial intelligence centers.#Pakistan #Bitcoinhttps://t.co/WpnMyo5EgI

— Cryptonews.com (@cryptonews) May 26, 2025

The State Bank of Pakistan does not recognize crypto assets. In 2022, the SBP issued an official advisory urging the public to exercise caution and avoid trading in cryptocurrencies.

The committee’s debate on cryptocurrency was sparked by a proposed bill on digital currency regulations introduced by MNA Sharmila Farooqi. She emphasized the urgent need for a regulatory framework to curb potential money laundering risks, particularly in light of Pakistan’s recent removal from the Financial Action Task Force (FATF) grey list.

The post Crypto Remains Illegal in Pakistan Despite State-Led Bitcoin Initiatives appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Former SBF Jailmate Sean ‘Diddy’ Combs Release Date Unveiled
All news

Former SBF Jailmate Sean ‘Diddy’ Combs Release Date Unveiled

28.10.2025
0

The scheduled release date of Sean ‘Diddy’ Combs has been unveiled as the former Sam Bankman-Fried (SBF) jailmate plans to...

Read moreDetails
ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

28.10.2025
DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

27.10.2025
Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

27.10.2025
[LIVE] Altcoin Season Price Watch, October 27 – Trending Altcoins Lag as Liquidity Clings to BTC

[LIVE] Altcoin Season Price Watch, October 27 – Trending Altcoins Lag as Liquidity Clings to BTC

27.10.2025
Load More
Next Post
Pakistan Creates Government Strategic Bitcoin Reserve

Pakistan Creates Government Strategic Bitcoin Reserve

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

BNB Rallies: Which Altcoins Could Surge Next? | October Report

BNB Rallies: Which Altcoins Could Surge Next? | October Report

4 weeks ago
9 Tech YouTube channels to follow

9 Tech YouTube channels to follow

3 years ago
Billionaire Mark Cuban Blames SEC Leadership for FTX Debacle in Discussion with Harris’ Crypto Advisor

Billionaire Mark Cuban Blames SEC Leadership for FTX Debacle in Discussion with Harris’ Crypto Advisor

1 year ago
Telegram Integrates Advertising Platform on TON

Telegram Integrates Advertising Platform on TON

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

[LIVE] Altcoin Season Price Watch, October 27 – Trending Altcoins Lag as Liquidity Clings to BTC

Michael Saylor’s Strategy Buys 390 BTC, Boosting Treasury to 640K BTC

Bitcoin rally smashes past $116k on softer Fed bets: What changes next?

China’s DeepSeek and Alibaba’s Qwen AI Beat Rivals in Crypto Trading Contest

Trending

Former SBF Jailmate Sean ‘Diddy’ Combs Release Date Unveiled
All news

Former SBF Jailmate Sean ‘Diddy’ Combs Release Date Unveiled

28.10.2025
0

The scheduled release date of Sean ‘Diddy’ Combs has been unveiled as the former Sam Bankman-Fried (SBF)...

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

28.10.2025
Crypto’s week ahead: Everything you need to know to close out October

Crypto’s week ahead: Everything you need to know to close out October

27.10.2025
DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

27.10.2025
Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

27.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz