Past month in April when Indian Government spoke about cryptocurrencies, the very next day Pakistan Government took an action against bitcoin and cryptocurrencies. Making a statement of declaring bitcoin as illegal in Pakistan.

But the real question is ‘Does it really matter for a Govt to ban cryptocurrencies’?

The simple answer is NO. Governments, even no one can track bitcoin users and that’s the beauty of decentralized blockchains like bitcoin, ethereum, LiteCoin, Monero and other. They only can warn people about its usage and make some statements only to spread FUD.

According to Wikipedia, it’s still seems to legal and there’s no law passed against it.

“As of 7 April 2018, State Bank of Pakistan [SBP] has announced that bitcoin and other virtual currencies/tokens/ coins are banned in Pakistan. This news was followed right after India’s restriction of converting bitcoin and cryptocurrencies into fiat currency. For organizations and institutions it is banned by State Bank of Pakistan. Bank will not get involved if there is any dispute. They will not facilitate any transaction for it. For individuals, it is neither legal nor illegal and they can hold cryptocurrencies at their own risk. National Assembly of Pakistan can pass law to declare bitcoin legal or illegal in Pakistan, but there is no such news from National Assembly yet.

The bank has issued an official notice on its website and has also posted the news on its official Twitter account.”