Unban Bitcoin in pakistan

[FIFA worldcup]

Bitcoin and other cryptocurrencies were banned in Pakistan, Now according to some sources, the Pakistani government is going to unban crypto including BTC.
What's your analysis? How BTC market will affect by this? is this charming news for crypto lovers from Pakistan?

There are so many small countries around the world where there no legal status of crypto currencies and i think Pakistan is one of them. It does not matter if they ban crypto, it would only create problem for their citizens. there will be no global impact of it on the overall bitcoin market. On the other hand, if china or US announce such ban, that may have an bad affect on bitcoin.

[UmerIdrees]

Bitcoin and other cryptocurrencies were banned in Pakistan, Now according to some sources, the Pakistani government is going to unban crypto including BTC.
What's your analysis? How BTC market will affect by this? is this charming news for crypto lovers from Pakistan?

You are writing this post on May 06. Would you care to tell where the crypto is ban in Pakistan ? Stop spreading the fud.

I am from Pakistan and there is no ban in crypto in Pakistan. We are free to involve in crypto and trading. The legal status of bitcoin is unclear but Pakistan has started work on legalizing bitcoin and other cryptocurrencies since last year.

[shahzadafzal]

Bitcoin and other cryptocurrencies were banned in Pakistan, Now according to some sources, the Pakistani government is going to unban crypto including BTC.
What's your analysis? How BTC market will affect by this? is this charming news for crypto lovers from Pakistan?

You are writing this post on May 06. Would you care to tell where the crypto is ban in Pakistan ? Stop spreading the fud.

I am from Pakistan and there is no ban in crypto in Pakistan. We are free to involve in crypto and trading. The legal status of bitcoin is unclear but Pakistan has started work on legalizing bitcoin and other cryptocurrencies since last year.

Exactly you are right, it was never banned... actually there is a fine line between "ban" and no "official stance"... so currently there is no official stance on Bitcoin/Crypto currencies from State Bank of Pakistan.

And if you are talking about FIA (Federal Investigation Agency) they are after crypto currency only to put checks on "money laundering" or any criminal activates... if you stay out of these you are good here and that implies every where not only in Pakistan.

In reality as of April 10, 2021 Sate Bank of Pakistan is actually studying digital currency.

here are some more authentic sources

SBP studying digital currency, says Baqir
State Bank never declared cryptocurrency illegal, SHC told
The State Bank of Pakistan has not declared crypto currency illegal, a joint director of SBP told the Sindh High Court /url]

[newwest]

Bitcoin and other cryptocurrencies were banned in Pakistan, Now according to some sources, the Pakistani government is going to unban crypto including BTC.
What's your analysis? How BTC market will affect by this? is this charming news for crypto lovers from Pakistan?

You are writing this post on May 06. Would you care to tell where the crypto is ban in Pakistan ? Stop spreading the fud.

I am from Pakistan and there is no ban in crypto in Pakistan. We are free to involve in crypto and trading. The legal status of bitcoin is unclear but Pakistan has started work on legalizing bitcoin and other cryptocurrencies since last year.

Thanks for getting this cleared else unnecessary it would create a panic around users who are not much and just invested initially and would suddenly start to sell creating some panic situation in crypto market. Quite a few government are still in dilemma and working towards if we can give legal status then how it can be done and what could be the negative impact if any.