Wednesday, April 21, 2021
Home Crypto News Market Pakistani Province Khyber Pakhtunkhwa To Build Crypto Mining Farms

Pakistani Province Khyber Pakhtunkhwa To Build Crypto Mining Farms

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Pakistan’s Khyber Pakhtunkhwa province has made a move for cryptocurrency mining. The state plans to set up two pilot mining farms powered by hydropower.

KP Science and Technology Consultant Zia Ullah Bangash met with experts to create an environment where crypto mining can be done. According to Reuters the cost of the pilot project was not shared.

Mining will be under state control

Consultant Bangash said that cryptocurrency mining will be carried out under state control.

We want to do mining at the state level in accordance with the law so that everything can be controlled and frauds can be prevented.

Bangash mentioned that crypto mining and trading is already done in other states of the country. He stated that their goal is to grow and develop the province by moving cryptocurrencies mining to Khyber Pakhtunkhwa.

following all laws, We will be able to contact both local and international investors, So many investors will have the opportunity to invest.

Crypto and blockchain committee established

According to the Geo News report, KP Science and Technology Institute in Pakistan’s Khyber Pakhtunkhwa requested the establishment of a committee to conduct research on technologies such as cryptocurrency and blockchain.

As a result, three committees were established in which state institutions such as the State Bank of Pakistan and the Federal Board of Revenue will also take part.

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Mark Brennan
Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


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