Pakistan

[Indymoney]

rousivi

again how a fiat to crypto transfer platform over banks can be decentralized?

Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.

[1714945569]

1714945569

[1714945569]

1714945569

[rausvi15]

rousivi

again how a fiat to crypto transfer platform over banks can be decentralized?

trading platform will be decentralized but off course exchange will be centralized. 
in addition to that fiat currency exchange is also part of this platform due to low crypto marketcap.

[Abdussamad]

Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.

Source for this news?  There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.

[Indymoney]

Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.

Source for this news?  There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.

I watch on ARY News and now FIA is working on Cyber Force they are saying they will take some tough and stick actions against bitcoin dealers I have personally watch one person arrested by them in our area and they are doing crackdowns against few Cyber Cafes as well as they believe they are affiliated with these activities.

[Raja_MBZ]

I watch on ARY News and now FIA is working on Cyber Force they are saying they will take some tough and stick actions against bitcoin dealers I have personally watch one person arrested by them in our area and they are doing crackdowns against few Cyber Cafes as well as they believe they are affiliated with these activities.

I did watch that programme as well but it wasn't directly related to bitcoin; those people were actually stealing the money on the name of bitcoin (taking cash and providing them back a fixed amount of interest on a monthly basis).

Source for this news?  There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.

http://www.sbp.org.pk/bprd/2018/C3.htm

That's all that we know in Pakistan regarding crypto.

[Indymoney]

I watch on ARY News and now FIA is working on Cyber Force they are saying they will take some tough and stick actions against bitcoin dealers I have personally watch one person arrested by them in our area and they are doing crackdowns against few Cyber Cafes as well as they believe they are affiliated with these activities.

I did watch that programme as well but it wasn't directly related to bitcoin; those people were actually stealing the money on the name of bitcoin (taking cash and providing them back a fixed amount of interest on a monthly basis).

Source for this news?  There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.

http://www.sbp.org.pk/bprd/2018/C3.htm

That's all that we know in Pakistan regarding crypto.

But I also watch in front of my eyes FIA raid and arrest two persons both was partner and buying and selling bitcoin I know these both persons and they released after paying 1 Lakh rupees now they are not doing any activity like this as they have threat from them very stick or from State Bank and may be they involve in money laundry.

[Raja_MBZ]

I watch on ARY News and now FIA is working on Cyber Force they are saying they will take some tough and stick actions against bitcoin dealers I have personally watch one person arrested by them in our area and they are doing crackdowns against few Cyber Cafes as well as they believe they are affiliated with these activities.

I did watch that programme as well but it wasn't directly related to bitcoin; those people were actually stealing the money on the name of bitcoin (taking cash and providing them back a fixed amount of interest on a monthly basis).

Source for this news?  There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.

http://www.sbp.org.pk/bprd/2018/C3.htm

That's all that we know in Pakistan regarding crypto.

But I also watch in front of my eyes FIA raid and arrest two persons both was partner and buying and selling bitcoin I know these both persons and they released after paying 1 Lakh rupees now they are not doing any activity like this as they have threat from them very stick or from State Bank and may be they involve in money laundry.

There's a good chance that money launderers would benefit from buying/selling business of bitcoin, mera khiyal hai aise business se filhal sab Pakistanis ko dur rehna chahiye. Agar kisi ko withdraw karwana ho to international payment channels use kare jese Western Union ya Bank Wire. There are a number of ways to do that, including withdrawals through Bittrex, Payza, Skrill, and more.

EDIT: Just found out that Payza no longer accepts Pakistanis. This is hilarious; where the hell are we heading to? Global isolation? I've been using Payza/AlertPay since 2010:



They even have an official customer office in Bangladesh. :|

[Abdussamad]

Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.

Source for this news?  There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.

I watch on ARY News and now FIA is working on Cyber Force they are saying they will take some tough and stick actions against bitcoin dealers I have personally watch one person arrested by them in our area and they are doing crackdowns against few Cyber Cafes as well as they believe they are affiliated with these activities.

Like I said it is not illegal in Pakistan. FIA can only shake people down for bribes. Any such case won't hold up in a court of law because there is no law against it. Even the SBP's actions are limited to restricting banks from dealing with cryptocurrencies. You can still trade in cash and even use the banking system as long as the banks don't find out which is what most localbitcoin traders do.

Basically they can't create a law against bitcoin right now because it would be a disproportionate response:

1) It's too small for parliamentarians to care about. They are the ones that create laws in the country not SBP or FIA.

2) any such law will only attract attention to bitcoin which will widen its use in Pakistan especially since laws are generally not enforced in the country.

3) it's not illegal in foreign countries that are far richer than Pakistan so making it illegal in Pakistan will make it impossible to enforce the law even if you wanted to. You can simply buy from and sell to foreigners.

So instead of making it illegal they are just spreading FUD about it.

[Muhammad Muneeb]

Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.

Source for this news?  There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.

I watch on ARY News and now FIA is working on Cyber Force they are saying they will take some tough and stick actions against bitcoin dealers I have personally watch one person arrested by them in our area and they are doing crackdowns against few Cyber Cafes as well as they believe they are affiliated with these activities.

Like I said it is not illegal in Pakistan. FIA can only shake people down for bribes. Any such case won't hold up in a court of law because there is no law against it. Even the SBP's actions are limited to restricting banks from dealing with cryptocurrencies. You can still trade in cash and even use the banking system as long as the banks don't find out which is what most localbitcoin traders do.

Basically they can't create a law against bitcoin right now because it would be a disproportionate response:

1) It's too small for parliamentarians to care about. They are the ones that create laws in the country not SBP or FIA.

2) any such law will only attract attention to bitcoin which will widen its use in Pakistan especially since laws are generally not enforced in the country.

3) it's not illegal in foreign countries that are far richer than Pakistan so making it illegal in Pakistan will make it impossible to enforce the law even if you wanted to. You can simply buy from and sell to foreigners.

So instead of making it illegal they are just spreading FUD about it.

i will say that current goverment's it minster is not capable enough to understand the blockchain.. pakistanis are not educated enough to understand the crypto it is just a mean making money

[Indymoney]

Right now biggest issue is today State Bank of Pakistan announces they are going to crackdown on crypto related peoples and cyber crime force is going to ban localbitcoins.com and all sites those working in Pakistan and have links with crypto related links so I don't think any site like this is going on in near future.

Source for this news?  There is no law against bitcoin or other cryptocurrencies in Pakistan so it's not illegal. State bank can't crackdown on websites because that is not within it's purview. That's the job of the PTA. Cyber crime force (whatever that is) also can't act in the absence of a law banning bitcoin.

I watch on ARY News and now FIA is working on Cyber Force they are saying they will take some tough and stick actions against bitcoin dealers I have personally watch one person arrested by them in our area and they are doing crackdowns against few Cyber Cafes as well as they believe they are affiliated with these activities.

Like I said it is not illegal in Pakistan. FIA can only shake people down for bribes. Any such case won't hold up in a court of law because there is no law against it. Even the SBP's actions are limited to restricting banks from dealing with cryptocurrencies. You can still trade in cash and even use the banking system as long as the banks don't find out which is what most localbitcoin traders do.

Basically they can't create a law against bitcoin right now because it would be a disproportionate response:

1) It's too small for parliamentarians to care about. They are the ones that create laws in the country not SBP or FIA.

2) any such law will only attract attention to bitcoin which will widen its use in Pakistan especially since laws are generally not enforced in the country.

3) it's not illegal in foreign countries that are far richer than Pakistan so making it illegal in Pakistan will make it impossible to enforce the law even if you wanted to. You can simply buy from and sell to foreigners.

So instead of making it illegal they are just spreading FUD about it.

i will say that current goverment's it minster is not capable enough to understand the blockchain.. pakistanis are not educated enough to understand the crypto it is just a mean making money

We need to educate peoples for this because its not easy and going to take some time so don't worry not only current government many previous governments also not understand many things and create too many problems but we need positive mind and positive approach God will bless us 

[Raja_MBZ]

Again, an unclear notice.

I'm writing a book named "The beginner's guide to bitcoin for... governments!", will share it here once it's ready. Hopefully, I'll get some good coverage for it through crypto news websites.

[Indymoney]

Again, an unclear notice.

I'm writing a book named "The beginner's guide to bitcoin for... governments!", will share it here once it's ready. Hopefully, I'll get some good coverage for it through crypto news websites.

You are doing a great job because right now we need things like this in our country for newbies hopefully your this effort bring some good change good luck 

[Raja_MBZ]

Finally, a couple of good updates...


1. Presidential Initiative for Artificial Intelligence & Computing (PIAIC) - an initiative of Dr. Arif Alvi, the President of Pakistan, includes the study of "Blockchain" among only three available programs (namely AI, Cloud Native, and Blockchain):

BLOCKCHAIN SPECIALIST: A ONE YEAR BLOCKCHAIN PROGRAM DESIGNED FOR ABSOLUTE BEGINNERS. GETTING PAKISTAN READY FOR THE NEW ERA OF BLOCKCHAIN, FINTECH, & SMART CONTRACTS.

(currently only limited to Karachi)

This initiative was introduced yesterday by the president himself.


2. For the first time, I loved Waqar Zaka. Check out 21:45 to 30:20 of the following video, it clears out a lot of confusions regarding the regulation of crypto-currencies (and mining) within Pakistan:

https://www.youtube.com/watch?v=KFoL9NRRzio


 

[Raja_MBZ]

Another update:

PM order action against ‘hawala’ business

https://nation.com.pk/16-Dec-2018/pm-order-action-against-hawala-business

FIA has been ordered to keep its offices 24 hours open in Karachi while teams were formed for action against bitcoin and selling of illegal cards of foreign tv channels

[slasi1974]

https://pbs.twimg.com/media/DueHsp9XcAAQhEF.jpg

Another update:

PM order action against ‘hawala’ business

https://nation.com.pk/16-Dec-2018/pm-order-action-against-hawala-business

FIA has been ordered to keep its offices 24 hours open in Karachi while teams were formed for action against bitcoin and selling of illegal cards of foreign tv channels

That's quit horrific news well not get what is hawala hundi etc in this situation we should avoid cryptocurrency what can I say more 

[slasi1974]

i will say that current goverment's it minster is not capable enough to understand the blockchain.. pakistanis are not educated enough to understand the crypto it is just a mean making money

agreed with you hope in future people more educated to understand block-chain technology right now its not a time for Pakistan to adopt it

[JSRAW]

Again, an unclear notice.

I'm writing a book named "The beginner's guide to bitcoin for... governments!", will share it here once it's ready. Hopefully, I'll get some good coverage for it through crypto news websites.

Bhai, padosiyo ka bhi dhyan rakhna. yahan bhi share kar dena 

[ranamajid007]

Any Pakistanis here who offer Telegram Marketing Services?

PM me with your price and services being offered.

Thanks

[najeeb76]

fellow country men need help
can u refer me any source for this thing done

easy way please

https://bitcointalk.org/index.php?topic=5085181.msg48927727#msg48927727

[Indymoney]

fellow country men need help
can u refer me any source for this thing done

easy way please

https://bitcointalk.org/index.php?topic=5085181.msg48927727#msg48927727

You are newbie here so I don't think any one going to help you better try to withdraw through bank its take some time but you will receive funds in your bank account without any problem.