ANL 31.73 Increased By ▲ 0.23 (0.73%)
ASC 20.38 Increased By ▲ 0.58 (2.93%)
ASL 24.08 Increased By ▲ 0.12 (0.5%)
BOP 8.34 Increased By ▲ 0.07 (0.85%)
BYCO 10.48 Increased By ▲ 0.06 (0.58%)
FCCL 22.69 Decreased By ▼ -0.04 (-0.18%)
FFBL 27.14 Increased By ▲ 0.04 (0.15%)
FFL 21.20 Increased By ▲ 0.80 (3.92%)
FNEL 9.02 Increased By ▲ 0.24 (2.73%)
GGGL 28.60 Increased By ▲ 0.50 (1.78%)
GGL 48.00 Increased By ▲ 1.45 (3.11%)
HUMNL 7.70 Increased By ▲ 0.35 (4.76%)
JSCL 23.10 Increased By ▲ 0.45 (1.99%)
KAPCO 40.05 Increased By ▲ 0.13 (0.33%)
KEL 3.96 Decreased By ▼ -0.02 (-0.5%)
MDTL 3.90 Increased By ▲ 0.15 (4%)
MLCF 45.66 Decreased By ▼ -0.09 (-0.2%)
NETSOL 168.70 Increased By ▲ 2.64 (1.59%)
PACE 8.22 Increased By ▲ 0.07 (0.86%)
PAEL 34.80 Increased By ▲ 0.35 (1.02%)
PIBTL 11.42 Decreased By ▼ -0.03 (-0.26%)
POWER 9.35 Decreased By ▼ -0.01 (-0.11%)
PRL 24.29 Increased By ▲ 0.40 (1.67%)
PTC 11.94 Increased By ▲ 0.14 (1.19%)
SILK 1.83 No Change ▼ 0.00 (0%)
SNGP 51.80 Decreased By ▼ -4.45 (-7.91%)
TELE 15.83 Increased By ▲ 1.08 (7.32%)
TRG 170.50 Increased By ▲ 3.24 (1.94%)
UNITY 44.26 Increased By ▲ 0.06 (0.14%)
WTL 3.95 Increased By ▲ 0.39 (10.96%)
BR100 5,221 Increased By ▲ 15.76 (0.3%)
BR30 26,981 Increased By ▲ 224.74 (0.84%)
KSE100 47,898 Increased By ▲ 105.2 (0.22%)
KSE30 19,205 Increased By ▲ 43.94 (0.23%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,048
3224hr
Pakistan Cases
1,008,446
3,75224hr
7.51% positivity
Sindh
367,092
Punjab
353,238
Balochistan
29,571
Islamabad
85,780
KPK
141,925
Business & Finance

KP Government Legalizes Cryptocurrency: Zia Ullah Bangash

  • The Government of Khyber Pakhtunkhwa (KP) has unanimously passed the resolution to legalize cryptocurrency and crypto mining, according to Zia Ullah Bangash.
03 Dec 2020
Source: Reuters
Source: Reuters

The Government of Khyber Pakhtunkhwa (KP) has unanimously passed the resolution to legalize cryptocurrency and crypto mining, according to recent tweets by Zia Ullah Bangash, Advisor to Chief Minister KP on Science and Technology.

The resolution urged the KP assembly to ensure that Pakistan stays up to date with advancements in digital technology around the globe.

Dr. Sumera Shams, a Member of the Provincial Assembly (MPA) of KP, also tweeted about this resolution and commented that it is a step towards greater digitization in Pakistan, which will enable it to compete with the rest of the world.

As, many countries have already started adopting cryptocurrencies for facilitating everyday transactions, this resolution aims to boost Pakistan's digital economy.

The provincial government plans on formulating a set of laws to regulate the use of cryptocurrency and crypto mining in KP.