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Regulators in Pakistan can do NOTHING to stop people from bitcoin mining, entrepreneur tells Keiser Report | Regulators in Pakistan can do NOTHING to stop people from bitcoin mining, entrepreneur tells Keiser Report |
(about 2 months later) | |
Max Keiser interviews Farooq Ahmed of the Bitcoin Association of Pakistan to discuss the recent news that the Pakistani government has allocated funds to mining bitcoin. | Max Keiser interviews Farooq Ahmed of the Bitcoin Association of Pakistan to discuss the recent news that the Pakistani government has allocated funds to mining bitcoin. |
The country’s young people are mostly working in tech industries and providing related services, Ahmed says, adding that bitcoin is widely used. | The country’s young people are mostly working in tech industries and providing related services, Ahmed says, adding that bitcoin is widely used. |
“Government put the ban on bitcoin and cryptocurrencies in 2018, after the bull run. They shut down the mining farms, but it didn’t stop it.” | “Government put the ban on bitcoin and cryptocurrencies in 2018, after the bull run. They shut down the mining farms, but it didn’t stop it.” |
According to Ahmed, the central bank’s ban is not working. "Adoptions are increasing, people keep using this new technology, and it’s growing in the region.” | According to Ahmed, the central bank’s ban is not working. "Adoptions are increasing, people keep using this new technology, and it’s growing in the region.” |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |