Pakistan turns its back on crypto to keep anti-terrorism watchdogs happy

Pakistan's minister of finance declared last week that cryptocurrency would never be legal in Pakistan and actions are in motion that would ban the digi-cash. Forever. "Cryptocurrency will never be legalized in Pakistan," declared Aisha Ghaus Pasha at a session of the Senate Standing Committee on Finance and Revenue last week …

[Anonymous Coward]

Even Pakistan gets it

Why doesn’t the West?

[Vader]

Maybe once they have understood AI, they can finally have a PM that actually does a full term?

[Frank Bitterlich]

What is "Allied Technologies"?

Honest question... all that I can find is a few companies with that name...?

[tony72]

I feel bad for Pakistanis

It's a shame for the people of Pakistan, if the ban is actually effective. People in several countries with very high inflation around the world are turning to bitcoin to protect some of their wealth from being debased. It must make you weep to save up all your life, only to see the value of your savings wiped out by inflation, and here's your government taking away one of the few tools you have to fight it. There will no doubt be currency controls to limit their ability to get foreign currency as well, etc, etc. Poor buggers.

[Sora2566]

Re: I feel bad for Pakistanis

Yes, because if there's one thing Bitcoin's famous for, it's how its value remains stable. /s

[Ghostman]

Re: I feel bad for Pakistanis

Yep. Think of us in the US. High inflation, higher prices, and the Dems want to install a national digital currency.