Pakistan’s central bank tells court cryptocurrency should be banned – The Peninsula Qatar

Pakistan’s central bank tells court cryptocurrency should be banned – The Peninsula Qatar

Karachi: Pakistan's central bank has recommended banning cryptocurrency, arguing in documents submitted in an ongoing court case that allowing it would cause capital flight.

The Sindh High Court has been hearing a constitutional petition filed in 2019, which seeks to overturn central bank guidance from 2018 advising banks and payment system operators against processing and investing in virtual currencies.