SHC directs the Ministries to launch probe regarding Crypto legality
Furthermore, the report also asked both ministries for their suggestions about whether the trading of cryptocurrency in any form can legally be carried out in the country. Because this was causing difficulty for citizens involved in crypto trading as agencies were constantly raiding and freezing bank accounts of crypto traders. The Sindh High Court bench further ordered the ministries to submit their joint recommendations by April 11. Furthermore, it also ordered the secretary of finance and secretary law or any other senior official from both ministries who are familiar with cryptocurrency to appear before the court in the next hearing. The bench further said, Moreover, the SHC committee also suggested that cryptocurrency exchange platforms such as Binance, OctaFX, etc, should also be banned for their unauthorized operations in the country. In addition to that, dissuasive penalties should be levied on them by the federal government, as some other countries around the world have done. Check out? Sindh Govt Installs Biometric Machines in Colleges to Ensure Maximum Attendance
