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Tuesday 30th November 2021 / 25 Rabiulawal 1443

Waqar Zaka urges govt to launch its own cryptocurrency

In May 2021, Waqar Zaka was hired as a crypto expert by the Pakistani government (Twitter)

In May 2021, Waqar Zaka was hired as a crypto expert by the Pakistani government (Twitter)

KARACHI: Pakistan’s first crypto entrepreneur and tech activist, Waqar Zaka has urged the government to launch its own cryptocurrency before India or China, as he is confident that Pakistan can earn lucrative revenue from this booming crypto market.

Social media celebrity and Founder of the Technology Movement Pakistan (TMP) Waqar Zaka is the lone voice championing the cause of cryptocurrency in Pakistan and has urged the federal government to legalize its use in the country.

Waqar Zaka also expressed delighted that his efforts to legalize cryptocurrency in the country are bearing fruits as the Khyber Pakhtunkwa passed a draft resolution to legalize the virtual currency.

Waqar Zaka gained immense respect in the crypto space. He has also been invited as a speaker in leading cryptocurrency conferences globally where he was acknowledged for his charity work.

Commenced in 2015, his charity projects comprise of using bitcoin to help make refugees’ lives better. Appreciated for his unprecedented efforts, the crypto guru surely has made Pakistan proud at an international level.

Now, the sole fighter for legalizing crypto in Pakistan, and an expert in the crypto industry, started a cryptocurrency online academy that simplifies these concepts for the average person. Talking to a private TV channel the activist stressed the relevance of cryptocurrency.

To fulfill his bitcoin vision, after years of struggle, the long-time crypto entrepreneur efficaciously convinced the KPK government for allowing him to run South Asia’s biggest crypto mining farm, having a hash rate of 6.7 GH/s (Giga hashes per second).

Recognizing the significance of hydroelectricity, Waqar Zaka ensured the mining system runs on hydropower. Additionally, he suggested Shangla in KPK to be having the best weather conditions for crypto mining, which in eventuality can become a heaven for crypto miners.

In 2018, he launched Pakistan’s first blockchain-powered global micro-finance platform TenUp.I.O which is available on Coinmarketcap.

Similarly, Waqar Zaka graciously offered TenUp.I.O team’s assistance to the Government of Pakistan with the sole purpose, that the idea of making Pakistan a crypto hub turns into actuality in no time.

The crypto maven believes his groundbreaking venture will be a game-changer for the nation, driving Pakistan to new heights of success. Here is a video on cryptocurrency in Pakistan easy way to earn from Bitcoin.

On April 7, 2018, the State Bank had issued a warning against the use of cryptocurrency in Pakistan. It had prohibited banks from processing, using, trading, holding, transferring value, promoting and investing in virtual currencies and tokens.

The warning was issued due to the tremendous volatility of virtual currency exchanges which sparked concerns that they can be used to launder money.

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