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.
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.