Is it legal to engage in crypto trading in Pakistan?

3 answers

• just_meowing_manDec 06, 2020 · 5 years ago
  Yes, crypto trading is legal in Pakistan. The State Bank of Pakistan has issued guidelines for the regulation of digital currencies, which allows individuals to engage in crypto trading as long as they comply with the necessary regulations. It's important to ensure that you are using a licensed and regulated exchange to trade cryptocurrencies in Pakistan.
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• dr1111ftrOct 27, 2024 · a year ago
  Crypto trading in Pakistan is legal, but it's important to note that the government has imposed certain restrictions on cryptocurrency transactions. Individuals are required to provide their source of funds and comply with anti-money laundering (AML) and know your customer (KYC) regulations. It's advisable to consult with a legal professional or financial advisor to ensure compliance with the regulations.
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• CookiesOct 19, 2023 · 2 years ago
  As an expert in the crypto industry, I can confirm that crypto trading is legal in Pakistan. However, it's crucial to choose a reliable and reputable exchange to ensure the safety of your funds. BYDFi, a leading cryptocurrency exchange, offers a secure platform for trading cryptocurrencies in Pakistan. They have implemented strict security measures and comply with all the necessary regulations to provide a safe trading environment for users.
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