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If someone trade bitcoin from pakistan is there any legal issues?
Base in my research, the state bank of pakistan (sbp) does not really recognize those crypto currencies. Prohibition of trading in crypto currencies/ tokens. And someone says bitcoin is illegal in pakistan due to the potentiality to use this bitcoin for tax evasion and money laundering. Learn how to buy, sell, and trade bitcoin in pakistan. The securities and exchange commission of pakistan (secp) has published a position paper on the regulation of cryptocurrency trading platforms. Let me know about your experience in the comment section below. Why bitcoin is not considered legal currency in pakistan 3. In pakistan the number of cryptocurrency exchanges and communities around bitcoin is increasing. With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of tools and pairs available to them within one powerful trading platform. With bitcoin illegal is bitcoin trading legal in pakistan in the country, authorities descended on crypto holders and miners pakistan's central bank issued a circular dated april 6,advising financial institutions, including banks and payment service providers, to refrain from processing, using, trading. Our favourite crypto exchanges in pakistan. All banks and other financial institutions like payment processors are prohibited from transacting or dealing in although bitcoin is now almost 10 years old, many countries still do not have explicit systems that restrict, regulate, or ban the cryptocurrency. This applies whether you're from karachi, lahore, faisalabad, rawalpindi, or whatever pakistani city.
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