News

Pakistan's Central Bank Sees Few Good Use Cases for Crypto

2022/03/09 08:00

According to News.bitcoin, the governor of the State Bank of Pakistan (SBP), Reza Baqir, talked about cryptocurrency during a panel discussion at the 13th Karachi Litera­ture Festival Sunday. Asserting that crypto lacks good use cases, the Pakistani central bank governor remarked: “when we look at the value proposition offered by crypto right now, the use cases that have been brought forward have just been exchanges.” The SBP governor proceeded to talk about the risks associated with cryptocurrencies. Noting that “There is no way that the regulator or a law enforcement agency has visibility on who is doing transactions and for what purpose,” he opined: “therefore, around the world there is a lot of misuses of cryptocurrency.” Meanwhile, he believes that distributed ledger or blockchain technology is “absolutely useful” and has the potential to solve many problems the world is facing right now.
bullishbullishbullish6bearishbearishbearish1LikeShare
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Bitcoin Finds Rejection At Historical Level: More Pain Ahead?

  • Image

    TRAX Raises $2.9 Million in Decentralized Funding Round

  • Image

    Michael Saylor begins selling $216M in MicroStrategy stocks for more Bitcoin

All Comments0LatestHot

LatestHot
noContent

No records

Related Articles

  • Image

    Bitcoin Finds Rejection At Historical Level: More Pain Ahead?

  • Image

    TRAX Raises $2.9 Million in Decentralized Funding Round

  • Image

    Michael Saylor begins selling $216M in MicroStrategy stocks for more Bitcoin