Is Bitcoin trading legal in Pakistan? Bitcoin and cryptocurrency mining were flourishing in Pakistan until April 2018 when the government banned trading and mining the virtual currencies. There is still a growing mining industry despite the fact that many mining farms have been shut down since this ban was implemented.
Can you trade crypto in Pakistan? The good news for local crypto enthusiasts is that cryptocurrency is not illegal in Pakistan, rather it falls in a gray area as the government has no specific rules against it. However, this has not stopped the Pakistanis from trading cryptocurrencies.
Is crypto banned in Pakistan? A committee headed by Sima Kamil, the deputy governor of the State Bank of Pakistan (SBP), its central bank, has proposed to ban the use of cryptocurrencies in the country.
Is crypto regulated in Pakistan? Please be informed that none of the persons, companies or entities promoting cryptocurrencies has been recognized or authorized by SECP or by other regulatory agencies in Pakistan to receive deposits from the public or to provide any investment or other financial services in or from Pakistan.