{"id":403,"date":"2020-12-28T07:31:46","date_gmt":"2020-12-28T07:31:46","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=403"},"modified":"2020-12-28T07:31:46","modified_gmt":"2020-12-28T07:31:46","slug":"waqar-zaka-and-the-digital-currency-dilemma-in-pakistan","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2020\/12\/28\/waqar-zaka-and-the-digital-currency-dilemma-in-pakistan\/","title":{"rendered":"Waqar Zaka and the Digital Currency dilemma in Pakistan"},"content":{"rendered":"<p>Waqar Zaka, a renowned TV show host, has filed a petition in Sindh High Court (SHC) asking for ending\u00a0ban on cryptocurrency\u00a0in Pakistan.<\/p>\n<p>The petitioner, Waqar Zaka has said that digital currency will help bring in more investment in Pakistan.<\/p>\n<p>In its reply, the State Bank of Pakistan (SBP), has said that many people in the country aren\u2019t educated because of which digital currency can be used to scam them.<\/p>\n<p>The trade of cryptocurrency may lead to money laundering, he said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Government and Pakistan , watch and learn from this video <a href=\"https:\/\/t.co\/rTmOcry3wy\">https:\/\/t.co\/rTmOcry3wy<\/a> <a href=\"https:\/\/twitter.com\/ArifAlvi?ref_src=twsrc%5Etfw\">@ArifAlvi<\/a> <a href=\"https:\/\/twitter.com\/ImranKhanPTI?ref_src=twsrc%5Etfw\">@ImranKhanPTI<\/a><\/p>\n<p>\u2014 Waqar Zaka (@ZakaWaqar) <a href=\"https:\/\/twitter.com\/ZakaWaqar\/status\/1342723597383692290?ref_src=twsrc%5Etfw\">December 26, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe State Bank had imposed ban on crypto in April 2018.<\/p>\n<p>Sindh High Court has heard a petition against the use of cryptocurrency in Pakistan.<\/p>\n<p>During the hearing, the SBP submitted a written response to the High Court.<\/p>\n<p>The court has ordered the applicant to submit a reply in response to the State Bank.<\/p>\n<p>The applicant took stand that the SBP had banned cryptocurrency in Pakistan on April 6, 2018.<\/p>\n<p>The court has also sought a detailed response from the Federal Investigation Agency (FIA) in this regard.<\/p>\n<p>While, the case has been adjourned till February 25.<\/p>\n<p>The ban on the use of Cryptocurrency categorizes as an injustice act and made the point that it against the laws of the constitution.<\/p>\n<p>The use of Cryptocurrency is not against the interests or disobeys any rules of the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Waqar Zaka, a renowned TV show host, has filed a petition in Sindh High Court<\/p>\n","protected":false},"author":1,"featured_media":404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Waqar Zaka and the Digital Currency dilemma in Pakistan | Daily Rapid<\/title>\n<meta name=\"description\" content=\"Waqar Zaka, a renowned TV show host, has filed a petition in Sindh High Court (SHC) asking for ending\u00a0ban on cryptocurrency\u00a0in Pakistan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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