Making crypto safe for the masses

Nadeem Hussain - Dawn - 21/04

The SBP should, in its own sandbox, pilot at least one exchange with one or more authorised dealers.

Cryptocurrency is a type of digital or virtual money that uses cryptography (advanced math and computer science techniques) to secure transactions. Unlike traditional currencies, like the dollar or euro, cryptocurrencies are decentralised, meaning they are not backed by any government or reserve. They operate on a blockchain, which is a public distributed ledger of all transactions. Although there are thousands of cryptocurrencies available, the most popular in Pakistan are Bitcoin and Ethereum.

Cryptocurrencies are gaining momentum globally as the number of use cases is increasing and many countries are now making them legal. The most popular use is for investment. Consumers buy ...
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Category: business

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