Pakistan Provincial Assembly Passes Resolution Legalizing Bitcoin And Cryptocurrencies

Khyber Pakhtunkhwa (KP) Assembly has unanimously passed a resolution on legalizing cryptocurrencies and crypto-mining. With that, KP Assembly has become the first legislative assembly to have approved a resolution in the favor of cryptocurrencies in Pakistan

While several central banks around the world have registered and issued cryptocurrencies, many countries, including the US, have taken concrete steps towards introducing and legalizing cryptocurrencies.

Keeping these developments in view, the KP government calls on the federal government to register and officially introduce cryptocurrencies after enforcing necessary legislation, the draft concludes.