SHC constitutes high power committee for regulating cryptocurrency  

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2021-10-21T01:06:05+05:00 STAFF REPORT

KARACHI - The Sindh High Court (SHC) bench heard the cryptocurrency ban case on Wednesday and constituted a high power committee to furnish a report on possible regulation of block chain-protected transactions. The provincial court summoned the deputy governor of the central bank, Securities and Exchange Commission of Pakistan (SECP) head, finance secretary and federal investigation agency director in their personal capacity and put together a team to chart our recommendations within three months. The committee will have to furnish its report on the legal framework of the cryptocurrencies according to the court order. It also ordered to present before the court a report on companies carrying out transactions and trade in illegal currencies.

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