Crypto Currency Unban in Pakistan - Coming Back to Steemit :)

in GEMS4 years ago

Hello Steemians!
How are You?
Today I am very happy because today I heard the news that cryptocurrencies have been unbanned in Pakistan. It is very special news for me because now I and most Pakistanis can easily work on steemit because now we can earn cryptocurrency. A year ago I stop using steemit because of the news that FIA(Federal Investigation Agency) is arresting all the crypto holders in Pakistan but now I am happy after reading the official news from state Bank that Cryptocurrency is not banned in Pakistan.

The State Bank of Pakistan has clarified that cryptocurrency is not banned. The central bank’s lawyer recently told the Sindh High Court that the bank issued a warning about dealing in cryptocurrencies, including bitcoin, but did not ban them.

Pakistan’s central bank issued a circular dated April 6, 2018, advising financial institutions, including banks and payment service providers, “to refrain from processing, using, trading, holding, transferring value, promoting and investing in virtual currencies/tokens.” It further states that financial institutions “will not facilitate their customers/account holders to transact in VCs/ICO tokens. Any transaction in this regard shall immediately be reported to [the] Financial Monitoring Unit (FMU) as a suspicious transaction.”

This circular is similar to the one issued by India’s central bank, the Reserve Bank of India (RBI), which imposed a banking ban on the crypto industry. The RBI circular was quashed by India’s supreme court in March and the banking ban was lifted in India.

Waqar Zaka, a television presenter who has been actively petitioning to lift the ban imposed by Pakistan’s central bank, said that the country’s crypto ban has been misreported by the media and the Federal Investigation Agency (FIA) has falsely been arresting people for possessing bitcoin. Emphasizing that the arrests must stop, Zaka explained that “Parliament has not passed any law to ban” bitcoin or other cryptocurrencies in Pakistan.

Now we can work on Steemit and easily invite all of our friends to this beautiful community. I would love to invite more people to the platform as it is a very good platform for us.
Hope I get a place in the community and have more friends here.
Thank You, Everyone and I love to back here.
Thanks for supporting the community @steemcurator01 and @steemcurator02

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i feel glad aswell such a wonderful news it is...

@rashid001 @haidermehdi Looks like the time has come to fully promote Steemit without hesitation.

A very warm Welcome to you don't forget to subscribe Steemit Pakistan you can contact me personally on WhatsApp 03422948152

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What a news this is😍
Wonderful to hear this😍
I had been waiting eagerly to hear this news and wow here it is😍❤️❤️
Now @hassanabid let's renconsider our plans about promoting STEEMIT in PAKISTAN ❤️
LET'S DO THIS GUYS❤️
#onepercent #pakistan