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Home Cryptocurrency

Pakistanis have cryptocurrency worth $20bn, reveals FPCCI chief

by Crypto News
December 22, 2021
in Cryptocurrency
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Pakistanis have cryptocurrency worth $20bn, reveals FPCCI chief
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Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. — REUTERS/File
Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are positioned on PC motherboard on this illustration taken, June 29, 2021. — REUTERS/File

KARACHI: The Federation of Pakistan Chambers of Commerce and Trade Wednesday revealed  that Pakistanis possessed cryptocurrency price round $20 billion.

Addressing a press convention, FPCCI President Nasir Hayat Magoon stated, “As per our analysis, Pakistanis have cryptocurrency price $20 billion.”

He urged the federal government to plot a complete coverage so that individuals may money the cryptocurrency in Pakistan as an alternative of Dubai. Even India has launched guidelines associated to cryptocurrency, Magoon added.

Magoon stated the most important drawback of the incumbent authorities was ‘not making choices on time’. He stated Minister for Power Hammad Azhar ought to resign if he fails to make well timed choices.

Criticising the PTI-led authorities, the FPCCI chief stated that advantages from discount in oil costs within the worldwide market couldn’t be transferred to folks in Pakistan.

Speaking concerning the ongoing fuel disaster within the province, he stated that Sindh produced 2,310mmcf fuel whereas simply 900mmcf fuel was being offered to the province.



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