Sindh High Court (SHC) asks suggestions and comments from the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), finance ministry, and Federal Investigation Agency (FIA) in regards to the regulation of cryptocurrency in Pakistan.
The court was of the view that the country should also move with times and regulate cryptocurrency.
The bench headed by two judges also said that bitcoin is the need of the hour and several states have already adopted it.
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As per sources, SBP and SECP were against the regulation of the currency in business transactions.
Notably, Waqar Zaka, the host of reality shows in Pakistan, had filed a petition in the court for the legalization of cryptocurrency in the country.