PESHAWAR: The Khyber Pakhtunkhwa government has approved funds forestablishing a cryptocurrency mining plant after the province decided tohand out NOCs to businesses interested in it.
The cryptocurrency is a decentralized means of transaction carried outvirtually and are not regulated by federal governments and banks whilepeople can create them via mining.
The KP government advisor on information technology Ziaullah Bangash saidtold ARY News morning show Bakhabar Savera that his government has approvedof the currency and okayed the funds needed to establish a plant for it.
We will issue no-objection certificates to people and businesses who wantto mine for the currency on their own as well, Bangash said.
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The world is adaptinglink to new changesfast and their affinity towards cryptocurrency is evident which meansthere’s a great opportunity for investments in this field, Ziaulla Bangashsaid.
We have already passed thelink bill for itfrom our KP assembly and the funds to be allocated to it have too beenapproved.
