The Khyber Pakhtunkhwa (KP) government has approved funds for establishinga cryptocurrency mining plant after the province decided to hand out NoObjection Certificates (NOCs) to interested businesses.
In this regard, KP Advisor on Information Technology, Ziaullah Bangash,while speaking to a local media channel said that the provincial governmenthas approved the release of funds needed to establish a plant for mining.
It is pertinent to mention here that cryptocurrency is a decentralisedmeans of carrying out transaction virtually, and is not regulated byfederal governments and banks, while people can create them via mining.
“We will issue no-objection certificates to individuals who want to minefor the currency on their own as well,” Bangash said, adding that the worldis adapting to new changes fast and their affinity towards cryptocurrencymeans there is a great opportunity for investments in this field.
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“We have already passed the bill for it from our KP assembly,” he informed.
