When State Bank of Pakistan banned Bitcoin and other cryptocurrencies?
Correct answer: A. 6 April 2018
- A. 6 April 2018
- B. 5 April 2018
- C. 7 April 2018
- D. 8 April 2018World Current Affairs
Explanation
The State Bank of Pakistan issued its cryptocurrency warning and prohibition circular on 6 April 2018. The measure covered Bitcoin and other virtual currencies in dealings through regulated financial institutions.
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About Economy and Budget
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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