#PakistanDemandsCrypto Trends Hot On Twitter

General#PakistanDemandsCrypto Trends Hot On Twitter

Cryptocurrencies are on the rise all around the globe. While many countries are endorsing the use of cryptocurrencies, Pakistan is still behind in the race. It is worth mentioning that there are hundreds of cryptocurrencies trading across the globe. While Bitcoin (BTC) remains the top crypto, there are several others in the race gaining equal popularity. Elon Musk is a prominent figure in the world of crypto. His influence on the market has been highly crucial in setting the momentum of crypto prices. Following Musk, many other notable public figures have endorsed crypto. However, none of the influences have been powerful enough to bring Pakistan into the net. Why is #PakistanDemandsCrypto currently trending hot on Twitter? Let’s find out.

Waqar Zaka’s Petition

Not long ago, Waqar Zaka filed a petition in Sindh High Court in an effort to enable the use of cryptocurrencies in Pakistan. Following his petition, Waqar Zaka’s followers came forward in his support and took a stand in favor.

He recently tweeted addressing the Prime Minister of Pakistan Imran Khan with the hashtag #PakistanDemandsCrypto. Soon after, the hashtag started trending on Twitter. Hundreds of Twitter users tweeted using the same hashtag.

Is Crypto Legal in Pakistan?

Currently, cryptocurrency is not officially endorsed or accepted by the state for any kind of trading. While this may be true, there are many citizens that are frequently trading cryptocurrencies while living in Pakistan. Crypto users including Waqar Zaka believe that the use of crypto can enable the youth of the country to earn money from their homes. In the ongoing economic crisis in the country, many young graduates are jobless. The saturation in the freelance market has also slowed down the financial growth of freelancers in the country.

There is a dire need for the government of Pakistan to throw some light on this issue.

Talal Farooqi
Talal Farooqi
A mass media grad with a great deal of interest in blogging and copywriting. I hear that I'm good with words. So, feel free to check out my work!

Must read

Recent News

There is no harm to change strategy in Balochistan to bring the peace

There is no harm in changing strategy in Balochistan to bring peace

0
DND ReportThere is no doubt left that Quetta Railway Station's suicide bombing targeted personnel of security forces who were leaving Quetta for their homes....

Fight against terrorism requires support of all Pakistanis, believes COAS Gen Asim Munir

0
Quetta, Pakistan:  COAS Gen Asim Munir has said that the fight against terrorism requires the support of all Pakistanis.COAS highlighted that terrorism will never...
The hidden linkages among BLA, TTP, and PTI

The hidden linkages among BLA, TTP, and PTI

0
Islamabad, Pakistan: Another targeted suicide bombing in Quetta (Railway Station) has confirmed again that enemies are not sitting idle and they do not miss...

The Ruling Elite Decides the Destiny of Poor Pakistanis: A Story of Dreams Lost...

0
By Maria HameedIn a small village on the periphery of Lahore, Muhammad Bota wakes up before dawn every day. His routine is as predictable...
Donald Trump gave a winning speech before the official results

Donald Trump gave a winning speech before the official results saying he will not...

0
Monitoring Desk: Thanking his children, wife, supporters, and all who stood with him, Donald Trump gave a winning address before official results were announced....
Advertisement