The Peshawar High Court (PHC) on Friday ordered federal government to complete legislation to regulate Cryptocurrency trading in the country within two months.
The orders were given on during hearing on a petition filed against the illegal trade of cryptocurrency and digital forex. The apex court in its orders gave the federal government a two-month deadline to introduce legislation on the matter.
A two-member bench comparison at Justice Syed Arshad Ali and Justice Khurshid Iqbal heard the case.
During the proceedings, the Deputy Attorney General informed the court that the government is in the process of drafting legislation and requested a one-month extension.
However, Justice Syed Arshad Ali directed, “We are granting two months — ensure the legislation is completed within this time frame.”
The court ordered the federal government to enact the required legislation and submit a compliance report to the court.
It should be noted that the government has announced the formation of the cryptocurrency policy however, it has yet to be implemented.
