Where can I buy cryptocurrency in Pakistan?

Online cryptocurrency exchanges, most based outside Pakistan, like Localbitcoins.com, have hundreds of Pakistani traders listed, some with thousands of transactions. Pakistan is on the FATF’s grey list of countries it monitors for failing to check terror financing and money laundering.

Should bitcoin be banned in Pakistan?

A representative image of Bitcoin. Amid all the confusion about the cryptocurrency in Pakistan, a committee of the State Bank of Pakistan (SBP) has recommended imposing ban on it and other related activities in the country

What are the risks of crypto in Pakistan?

This encourages growth in money laundering. It also robs government from collecting potential tax income from these transactions. Furthermore it prevents potential investment into Pakistan from large, regulated financial companies that are operating in the crypto economy. Pakistan can tap this capital for inbound investments.

What are the two largest cryptocurrencies by market capitalization?

Among the 18,000-plus cryptocurrencies in existence, Bitcoin and Ethereum are the two largest cryptocurrencies by market capitalization. Bitcoin, the original and largest cryptocurrency, was developed in 2009 as an alternative monetary asset. It was meant to be an alternative to the U.S. dollar and other fiat currencies.