Khyber Pakhtunkhwa (KP) Assembly has unanimously passed a resolution onlegalizing cryptocurrencies and crypto-mining. With that, KP Assembly hasbecome the first legislative assembly to have approved a resolution in thefavor of cryptocurrencies in Pakistan.——————————

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According to details, PTI MPA, Dr. Sumera Shams, introduced the resolutionin the provincial assembly on Wednesday. The draft of the resolution statescurrent trends suggest that digital currencies will replace papercurrencies in the future.——————————

While several central banks around the world have registered and issuedcryptocurrencies, many countries, including the US, have taken concretesteps towards introducing and legalizing cryptocurrencies.

Keeping these developments in view, the KP government calls on the federalgovernment to register and officially introduce cryptocurrencies afterenforcing necessary legislation, the draft concludes.