Crypto Stories: Pakistani crypto billionaire wants his country to be less reliant on credit

0
257
Advertisement

Zaka claimed that his earnings on YouTube were “nothing” compared to the capital gains he earned on Bitcoin, but that no one believed in the origins of his newly acquired financial freedom. Aiming to make his homeland Pakistan crypto rich, he decided to trade his media and entertainment work for Bitcoin study materials.

When the Pakistani government prone to technology banned Bitcoin in 2017, Zaka filed a petition against it and won. He spoke out on social media against the government’s unconstitutional acts, offered advisory support and encouraged Pakistanis to invest in cryptocurrencies. Zaka was then appointed to run the first crypto mining farm that will use hydropower in Pakistan for a short-term venture.

While Bitcoin was still at $ 5,000, Zaka challenged the government to invest 1% of its budget and put its assets as collateral. He managed to get the government to issue an order that does not criminalize crypto mining or investing unless it is proven that they were invoiced in illegal activities.

Related: Crypto Stories: Spells of Genesis card game grows in popularity again as sales skyrocket

Recently, Pakistani President Arif Alvi called for additional training on blockchain technology, artificial intelligence and cyber security during a meeting with blockchain experts.

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here