Pakistan court reins in FIA, central bank over digital currency ban Business
The Sindh High Court in Pakistan has heard a petition filed in opposition to a nationwide ban on cryptocurrencies, giving fresh insight into the legal position for digital assets in the country.
In critical remarks against the country’s central bank and leading investigative authority, the judge said individuals must be allowed to get on with their business, free from undue interference from state agencies, according to reports from local media outlets.
In particular, the court singled out the federal enforcement agency and the country’s central bank for their role in what amounts to a de facto ban on digital currencies in Pakistan.
SHC restrains FIA from harassing Bitcoin, other cryptocurrency dealers in Pakistan
By
Thursday Dec 17, 2020
Digital currency is a balance or a record stored n a distributed database on the internet in an electronic computerised computer database. Photo: Geo. tv/ file
Justice Amjad Sehto hears petition filed against the ban on digital currencies in Pakistan.
Petitioner argues FIA taking action against digital currency traders on its own.
Court asks FIA to stop harassing cryptocurrency users and submit its written reply in court.
KARACHI: The Sindh High Court restrained authorities to take action against or investigate digital currency traders on Thursday.
It issued a show-cause notice to the FIA Cyber Crime Deputy Director for not appearing in court.
SHC asks FIA to stop harassing Bitcoin, other digital currency miners
Pakistan
Thu, Dec 17, 2020
Digital currency is a balance or a record stored a distributed database on the internet in an electronic computerised system. Photo: File
Justice Amjad Sehto heard a petition filed against the ban on digital currencies such as cryptocurrency.
The court issued a show-cause notice to the FIA Cyber Crime Deputy Director for not appearing in court.
The hearing of the case was adjourned till January 13.
KARACHI: The Sindh High Court on Thursday has asked authorities not to harass Bitcoin and other digital currency miners and has restrained authorities to take action against or investigate digital currency traders.