Pakistan's Sindh High Court reportedly held a hearing related to the legal status of cryptocurrencies in the country, in which several Pakistani authorities, including the SBP, submitted a document to the court, arguing that cryptocurrencies such as Bitcoin (BTC ) are illegal and cannot be used for trade.
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According to local news channel Samaa TV, the document cited at least 11 countries, including China and Saudi Arabia, that have chosen to ban cryptocurrencies.
Pakistan's central bank has reportedly urged the court not only to ban activity involving cryptocurrencies, but also to impose sanctions against cryptocurrency exchanges.
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