Pakistan's Crypto Plans Face Setback Amidst Trump's Ambitions

Pakistan's plan to create a Bitcoin reserve, potentially to gain favor with former US President Donald Trump, has hit a snag.

Despite the Prime Minister's attempt to explore digital assets, the country's central bank and finance ministry have clarified that cryptocurrency remains illegal.

Officials say that cryptocurrency trading is unlawful, and formal legislation is needed to change the status.

Some committee members are puzzled, as citizens might be investing in something illegal.

Pakistan Crypto Council announced the intention of a strategic Bitcoin reserve, but the central bank restated its ban, highlighting that it's still in place.