Pakistan Central Bank Governor on Cryptocurrency: 'The Potential Risks Far Outweigh the Benefits'
The Pakistani central bank governor, Reza Baqir, recently revealed that his organization has determined the risks posed by cryptocurrencies "Far outweigh the benefits." The governor suggested that if solutions that address these potential risks emerge, the central bank "Is open to looking at them."
The governor of the State Bank of Pakistan, Reza Baqir, recently said his institution had concluded that the potential risks that are associated with cryptocurrencies "Far outweigh the benefits." According to Baqir, Pakistan, just like other jurisdictions that have banned or restricted the use of cryptocurrencies.
