Bitcoin Legal

[Kemarit]

Bitcoin is neither legal nor illegal in Pakistan.In Asian countries,bitcoin is illegal in China.Bitcoin is neutral in India and illegal in Bangladesh.If you are from Pakistan,you can inverse in bitcoin  and cryptocurrency.You no need to worry,since bitcoin is not  illegal in Pakistan.May be in future,pakistan government will take some decision about cryptocurrency.

Maybe we can consider them in the gray area but it doesn't look good for Pakistan crypto enthusiast because similar to India, the Pakistan Central Bank has issue a memorandum regarding a ban on dealings with cryptocurrencies. And even their local trading exchanges Urdubit, have close already. So that prohibition is very quick, so the status of bitcoin and crypto is in limbo but it really does have a bleak future in Pakistan.

[supermine]

Bitcoin is neither legal nor illegal in Pakistan.In Asian countries,bitcoin is illegal in China.Bitcoin is neutral in India and illegal in Bangladesh.If you are from Pakistan,you can inverse in bitcoin  and cryptocurrency.You no need to worry,since bitcoin is not  illegal in Pakistan.May be in future,pakistan government will take some decision about cryptocurrency.

Maybe we can consider them in the gray area but it doesn't look good for Pakistan crypto enthusiast because similar to India, the Pakistan Central Bank has issue a memorandum regarding a ban on dealings with cryptocurrencies. And even their local trading exchanges Urdubit, have close already. So that prohibition is very quick, so the status of bitcoin and crypto is in limbo but it really does have a bleak future in Pakistan.

But I think India is going to legalize the crypto currency usage in their country since there is some article says that 18% taxes will be collected on the crypto earnings.So Pakistan also might follow the same in my opinion because of neighboring country.But I don't understand the concept of banning crypto currencies because we know they can't completely stop the crypto usage so they have to make benefits from it rather than trying to control it.

[detector]

Most government may think twice before decide to accept bitcoin but if your government liberal enough, I think bitcoin will not a problem or your government even legalize bitcoin as well.
As for now , bitcoin value already stable on $ 7000 , it means that bitcoin demand still high because some country already legalize bitcoin !