Pakistan crypto chief seeks dialogue after scholar rules against crypto payments
Cointelegraph 2026-07-12 12:26:09
Context: Pakistan's virtual-assets regulator met with an Islamic scholar who ruled against the use of cryptocurrency for payments, prompting the regulator to seek further dialogue on the matter. The regulator is seeking clarity on the treatment of digital assets in the country. This development comes as a significant event in the country's approach to cryptocurrency.
Key Facts
- The virtual-assets regulator of Pakistan initiated a call for continued dialogue on the treatment of digital assets following a meeting with an Islamic scholar.
- The Islamic scholar backed a ruling against purchases made with cryptocurrency, indicating a potential restriction on the use of digital assets for transactions in the country.
- The regulator's move suggests an ongoing effort to navigate the intersection of cryptocurrency and Islamic law in Pakistan, with implications for the country's digital asset landscape.