Pakistani Cryptocurrency Resources
Pakistan has made great strides in the world of cryptocurrency. In recent years, the country’s government has taken steps to regulate digital assets and promote innovation in blockchain technology. This section will provide a comprehensive overview of resources available to people interested in learning more about Pakistani cryptocurrency initiatives.
Regulation: The State Bank of Pakistan (SBP) is responsible for supervising activities related to cryptocurrencies and other digital assets within the country. The SBP issued a circular in April 2019 which outlined regulations and guidelines for virtual currency exchanges operating in Pakistan, as well as issuing guidance on how banks should handle crypto transactions. Additionally, the Government of Pakistan established a Task Force on FinTech & Digital Payments led by Fintech Association of Pakistan (FAP), which seeks to develop policies that foster an environment for innovation around cryptocurrency use cases such as remittances, payments etc.
Exchanges: There are several exchanges based out of Pakistan that offer users access to buy/sell various types of cryptocurrencies including Bitcoin, Ethereum and Ripple among others with local fiat currencies such as Pakistani Rupees or US Dollar etc.. Some popular examples include Pakcoin Exchange, Urdubit Exchange and LocalBitcoins Exchange just to name a few. These platforms have been instrumental in providing safe avenues for citizens across the nation to trade cryptocurrencies without having any fear from regulatory authorities or scams associated with trading online.
Education Resources: To support education around blockchain technology and its applications there are numerous organizations working hard towards this cause like Blockchain Association Of Pakistan (BAP). BAP provides courses covering topics ranging from basics like what is blockchain technology? To advanced concepts like smart contracts development etc.. Moreover they also regularly host meetups where industry experts come together under one roof sharing their thoughts around different projects happening across globe solving real-world problems using distributed ledger technology framework ethereum / hyperledger fabric respectively . They even have regional chapters present at most major cities throughout nation making it easier than ever before stay updated about latest happenings taking place all over world related this revolutionary space we call “Cryptocurrency”!
