The Peshawar High Court in Pakistan has ordered the government to resolve the issue of illegal cryptocurrency trading within two months

ChainCatcher news, according to Cryptopolitan, the Peshawar High Court in Pakistan has ordered the federal government to address the issue of illegal cryptocurrency trading nationwide within two months. The court requires the government to first formulate relevant strategies and submit a comprehensive report.

The case was brought by lawyer Huzaifa Ahmad. According to the lawsuit, despite the fact that the State Bank of Pakistan issued a notice back in 2018 declaring virtual currencies, including Bitcoin and Litecoin, as illegal payment methods, individuals and businesses are still conducting transactions through internet channels. Particularly in Khyber Pakhtunkhwa, some training institutions not only offer Bitcoin and forex trading services but also market them on social media platforms such as TikTok, Facebook, and YouTube.

The Deputy Attorney General representing the federal government stated that the government is formulating relevant legislation, which is expected to take about a month to complete. The court ultimately granted the government two months to submit the policy proposal.