[ccpw id="39382"]

HomeCrypto NewsMarketPakistani Province Khyber Pakhtunkhwa To Build Crypto Mining Farms

Pakistani Province Khyber Pakhtunkhwa To Build Crypto Mining Farms

Date:

Written By:

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

- Advertisement -

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

- Advertisement -

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.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

More from Author

Latest Stories

Guides