Watch experts explain cryptocurrency's legal status
The price of a Bitcoin moved past $60,000 on Saturday for the first time in its history. With more than 900% return in a year, it has become the choice of many investors as conventional investments (bonds, equities, and commodities for example) failed to generate enough profit amid a global financial crunch. Caught in fear of missing out, Pakistani investors have asked us repeatedly if it is a criminal offence to buy, possess, trade, and mine cryptocurrencies in Pakistan. What laws cover this subject and what are the penalties in case of a violation, they asked. In this video, SAMAA Money Editor Farooq Baloch speaks to experts on information security and cybercrime who answer these questions and analyze the legal status of cryptocurrency in Pakistan.
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