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Pakistani high court orders government to regulate crypto in three months
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The High Court of Sindh (SHC), the highest judicial body in Pakistan’s Sindh Province, has asked the government to come up with modalities for cryptocurrency regulation.
According to Pakistani English daily The Express Tribune, the SHC gave the instruction while hearing a petition brought before the court challenging the legality of the country’s 2018 crypto ban.
The SHC instructed regulators like the Securities and Exchange Commission of Pakistan (SECP) and the central bank to work with government agencies like the Ministries of Information Technology and Law to develop crypto regulations within three months.
As part of the proceedings, the SHC also requested that a report on the steps taken to regulate cryptocurrencies be submitted in the
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