Unbelievable News From State Bank Of Pakistan.
Hey Everyone, I hope you all are fine and doing great. Today I'm here with shocking News that is circulating on Social media. At first, I think it was fake news, but then I checked it and it is coming from multiple resources so I decided to share it with my hive community.
I just got news from social media that Pakistan's Central bank which is also called the State Bank of Pakistan Just announce that they are planning to launch their own Digital currency Like Bitcoin.
Pakistan's government is unpredictable, you may have remembered that a few days ago we heard that Pakistan is planning to ban Cryptocurrency due to FATF Rules and regulations and Today we got the news that they are planning to launch their own currency like bitcoin.
This news was announced by the Additional Director of the Digital Financial Services Group at the State Bank of Pakistan (SBP)v Shoukat Bizinjo
He said Pakistan is looking into the idea of CBBCs (callable bull/bear contracts) as a potential route for launching digital currencies.
Hope this think will open the ways for Pakistan to adopt Currency and regulate it as Pakistan is number 3 on the list of countries using cryptocurrency. Pakistan can get huge benefits by regulating cryptocurrency said crypto experts.
You can read the further detail in the given link
https://pakobserver.net/pakistan-on-its-way-to-roll-out-own-digital-currency-like-bitcoin/
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The article didn't have much on details, so the question should be how different will it be from Bitcoin? Chances that it will be centralized but more important is what's under the hood, the mechanics and the controls of this digital currency yet to be made known.
Yes, there are so much question in my mind also, hopefully in the coming days we may have more updates on this topic.
i have searched on the internet, there are two or three articles on the same topic, but with same kind of the information the above article has.