Crypto is currently illegal in Pakistan
According to the Pakistan Minister of State for Finance and Revenue, Aisha Ghaus Pasha, cryptocurrencies will "never be legalized in Pakistan." The government recently hardened its stance against digital assets, but people continue to look for hedge possibilities against a depreciating Pakistani rupee.
The FATF set a condition that cryptocurrency does not need to be banned to keep it off the international finance watchdog's list, and Pakistan's government has clearly stated its position against the conditions set by the FATF.
The nation's central bank, as well as the State Bank of Pakistan and the Information Technology Ministry, have been ordered to initiate a working ban on cryptocurrencies.
Despite that, cryptocurrencies are gaining increasing popularity in Pakistan, as the registered wallet addresses recorded an increase in annual trading volume of $5 billion.
With the ongoing situation in the country and the arrest of former Prime Minister Imran Khan after allegations of corruption, the future of cryptocurrency is not expected to change here soon.
However, the majority of Pakistan's population see stablecoins as the only method to access the U.S. dollar. USD PKR is trading at $0.0035 at the time of writing and has fallen nearly 58% against the U.S. dollar in the last year.
Luckily, Tradecurve offers a solution
Tradecurve.io addresses the situation described above, with Pakistan being one of numerous cases. Unlike most trading platforms, Tradecurve requires no KYC and maintains the privacy and anonymity that blockchain technology provides.
The Tradecurve team is aware of the global situation and offers a borderless solution. The easy onboarding process only requires an email address and connecting your wallet. After depositing a cryptocurrency as collateral, spot trading of various markets, including forex, stocks, commodities, bonds, and more, is instantly possible.
TCRV is the utility token of the platform and serves as the hybrid exchange for staking incentives and trading fees.
On traditional centralized exchanges like Binance or Coinbase, traders can only access the crypto market. Tradecurve combines traditional markets with the advantages of DeFi, all from a single account.
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For more information about TCRV presale tokens:
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