NEW YORK (Monitoring Desk) - All the world's major and emerging economic powers have legalized the trade of digital currencies. However, Pakistan is one of the few countries in the world where the trade of crypto currencies is still prohibited.
source
According to the recent report by ProPakistani, Zeeshan Ahmed, Country General Manager, Ren Financial, a cryptocurrency exchange, said that if Pakistan allows the trade of cryptocurrencies, it could collect Rs 20 billion in taxes per year ۔
Zeeshan Ahmed said that Pakistanis trading in cryptocurrencies earned 65 million between July 2020 and 2021. If only 15% tax were levied on this income, the government would have earned 100 million dollars (approximately 20 billion rupees).
I am Hamad khan in steemit i am known as (@artist1111) your's friend . I am proud to be pakistani member. I cherish pakistani culture and traditions. I support freedom of individual , but I always like to present myself as exceptional. Love to read, listen and write. I try to express my own opinion and evaluate the opinion of others. Lazy and travel favorite as a person. I am ending here like today. See you later with another new article. Until next meeting everyone stay well stay healthy Best of luck and have a good day.
🆃🅷🅰🅽🅺🆂
It is worth mentioning here that the trade of cryptocurrencies has legal status in India and the Indian government is levying 30% tax on the income earned from the trade of crypto buisness. Zeeshan Ahmed said that if this trade of cryptocurrencies becomes legal in Pakistan. So it will also see a significant increase in volume.
Cc:
@pennsif
@steemchiller