Waqar Zaka, a VJ-turned-television host and social media influencer, has urged Pakistan’s government to legalise cryptocurrency use in the country.
Waqar Zaka has also founded the Tehreek-e-Technology Pakistan political party, which plans an Internet-based movement in Pakistan.
Waqar Zaka, a social media star, has made several attempts to convince Pakistani authorities to lift the ban on cryptocurrencies. Waqar’s efforts are also being praised on social media.
Waqar Zaka, the host of BOL Champions, is using his social media influence to promote bitcoin. He has also promised to assist with the creation of digital currencies.
In Pakistan, the framework has also been issued to monitor the inappropriate use of virtual currencies. The Securities and Exchange Commission of Pakistan (SECP) has drafted a paper on the regulation of Digital Asset Trading Platforms in Pakistan.
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Waqar Zaka had previously expressed appreciation to the chief justice for hearing the case about the importance of cryptocurrencies. He shared his excitement in a video chat, saying that he is about to achieve success and that cryptocurrency will be de-banned in Pakistan.
The petition regarding the ban on digital currency was heard by Justice Muhammad Iqbal Kalhoro. Justice Muhammad Iqbal Kalhoro asked whether or not digital currencies should be used in the new period.
The court was also enraged by the State Bank of Pakistan’s refusal to accept cryptocurrencies. Justice Muhammad Iqbal Kalhoro noted that the planet has advanced dramatically in new technologies while we remain trapped in the past.
The judge inquired as to why the cryptocurrency is in use all over the world but is still prohibited in Pakistan.