According to ChainCatcher, citing Cryptopolitan, the Peshawar High Court in Pakistan has ordered the federal government to resolve the issue of nationwide illegal cryptocurrency trading within two months. The court requires the government to first develop relevant strategies and submit a comprehensive report.
The case was initiated by lawyer Huzaifa Ahmad. According to the lawsuit, despite the State Bank of Pakistan issuing a notice as early as 2018 declaring virtual currencies including Bitcoin, Litecoin as illegal payment methods, individuals and businesses continue to trade through internet channels. Particularly in Khyber Pakhtunkhwa province, some training institutions not only provide Bitcoin and forex trading services but also market their services on social media platforms like TikTok, Facebook, and YouTube.
The Deputy Attorney General representing the federal government stated that the government is developing relevant legislation, which is expected to take approximately one month. The court ultimately granted the government two months to submit a policy proposal.
