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Tuesday, November 5, 2024

Pakistan Possess Worth $20 Billion Of Cryptocurrency, More Than Foreign Reserves Of State Bank Of Pakistan, Reports Pakistan Chambers Of Commerce & Industry

Pakistan has more cryptocurrencies than its foreign reserves in the State Bank of Pakistan. The revelation came after the research of The Federation of Pakistan Chambers of Commerce and Industry (FPCCI).

The president of FPCCI Nasir Hayat Magoon in a press conference stated that their research shows the Pakistani Nation possesses $20 billion of cryptocurrency.

FPCCI president also indicated a problem that Pakistanis cannot cash their cryptocurrencies in Pakistan due to its legitimacy.

He urged the government to form a policy so people of Pakistan can cash their cryptocurrencies in Pakistan instead of Dubai, like India has a policy for cryptocurrency holders in India.

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