|| Another Country Bans Bitcoin ||
ISLAMABAD: The one of the top intelligence department of the Federal Board of Revenue (FBR) is investigating about those people who are trying to use digital currency to escape taxes or launder money.
Even, The State Bank of Pakistan (SBP) does not want to recognize cryptocurrencies, such as bitcoin,litecoin. These digital currencies are also traded as artefact.
Actually, Some senior tax officials claims that people are using these digital currencies to avoid taxes.They are buying bitcoin to launder their tax-escape money, he said, adding that they easily land their black money out of the pakistan very easily.
The anti-money laundering cell of the Directorate General of Intelligence and Investigation, Inland Revenue (I&I-IR) started investigating on Wednesday the financial affairs of people having huge investments in cryptocurrencies, including bitcoin.
Read more
In Pakistan, the purchasing of bitcoin is on the rise nowadays! But on the same side, They are trying to ban these digital currencies because according to them, it's totally a decentralized system and currently, there is no law against such cases!
I hope they won't ban it in Pakistan. Please share your reviews!
When will the penny drop that cryptocurrencies are nationless? Oxygen, nature, ideas, love, laughter, mathematics ...... CRYPTOGRAPHY ..... nationless, ubiquitous ...... unbannable!!!!!
You are right! But why it effects the value of cryptocurrency then?
Because it effects demand, unfortunately Governments still have control over the minds of the majority of people, they scare them and confuse them and this effects the demand ...... all we have to do is continue to promote crypto and this will increase demand, increase value and increase equality in our world.
Yes this is something good!
Really well said!
I really like this thinking XD
Crypto is like nature and nationless!
Upvoted ! also visit my blog
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
Very interesting, thank you. :)
Thank you :)
This post was resteemed by @resteembot!
Good Luck!
Curious? Check out:
The @resteembot users are a small but growing community.
Check out the other resteemed posts in resteembot's feed.
Some of them are truly great.