When Muhammad Asghar saw an invitation on social media to invest in a digital currency called Bither Cash, he was excited. Cryptocurrency was all the rage and he felt he should invest. He transferred a vast sum of money to Bither Cash’s Muhammad Zafar’s account. As Bither Cash was actually fake, Asghar lost his money and filed a case against Zafar. Given the excitement about cryptocurrencies in Pakistan, however, the question is how they are regulated and if any authority is monitoring this financial sector. The Lahore High Court (LHC) took up this question on Wednesday, directing the federal authorities to explain what laws regulate the use of cryptocurrency in Pakistan. Zafar.