The famed social media sensation, Waqar Zaka, who had has filed a petition in Sindh High Court (SHC) asking for ending ban on cryptocurrency in Pakistan, said that Pakistan’s first digital currency will support the government without any compensation.
While talking to media officials, Chairman Technology Momvement Pakistan (TMP) Waqar Zaka said that the TenUp has developed a currency for the use of State Bank of Pakistan (SBP).
He added that this currency will eliminate the need for PayPal as it allows you to make the fastest transactions in the world.
TMP Chairman further added that now it is the responsibility of the government to implement this currency as soon as possible.
Waqar Zaka keeps urging the government to support the development of Bitcoin business in Pakistan.
Government and Pakistan , watch and learn from this video https://t.co/rTmOcry3wy @ArifAlvi @ImranKhanPTI
— Waqar Zaka (@ZakaWaqar) December 26, 2020
Earlier, Waqar Zaka had thanked the chief justice for hearing the case regarding the importance of cryptocurrency. In a video message, he expressed his joy that he is about to achieve success and cryptocurrency will be unbanned in Pakistan.
Justice Muhammad Iqbal Kalhoro heard the petition regarding the ban on digital currency. In his remarks, Justice Muhammad Iqbal Kalhoro questioned about not using digital currency in the current era.
The court also expressed anger at the State Bank of Pakistan for not allowing cryptocurrency. Justice Muhammad Iqbal Kalhoro remarked that the world has come a long way in modern technology and we stand still in old ages.
Judge asked why the cryptocurrency is circulating all over the world and only banned in Pakistan.