KARACHI: The Sindh High Court has directed the FIA to assist the court about Crypto
currency during a trial contesting their ban against use in the country. During the hearing, the court the directed the FIA to assist the court about the
digital currencies. The petitioner had challenged the directives of the State Bank of Pakistan to outlaw the
digital currency while making the ministries of law and Justice, finance, science and technology, Governor State Bank of Pakistan, Chairman FBR, Chairman SECP respondents in the case.The petitioner had challenged State Bank’s directives of April 6, 2018 which outlawing the cryptocurrency and held it as a violation of law and the constitution. It pleaded that globally the
digital currency has emerged as an important source of capital investment. Several countries are using
digital currencies and it poses no threat to the economy. The
Petition pleaded the SHC to cancel the State Bank notification and direct the government to legislate the use of
digital currency.
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