PESHAWAR: The Khyber Pakhtunkhwa government has decided to set up a mining farm for digital cryptocurrency bitcoin.
Khyber Pakhtunkhwa Provincial Minister for Information Technology Ziaullah Bangash said that the Science and Technology Department of Khyber Pakhtunkhwa has completed the research study on Cryptocurrencies.
Now It is decided to set up cryptocurrency mining farms in Shangla and Swat. He also said that bitcoins for the digital currency will be made by him and a research fund has been allocated for this purpose.
He said KPK Assembly had already passed a resolution to create a cryptocurrency.
Provincial Minister said He felt the need that Pakistan should not lag behind in the digital fields.
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He said that private companies can also create a digital currency if they want. The government will provide NOC to private firms.
The value of Bitcoin has reached an all-time high. The first time, the price of a bitcoin has reached US$33,000. The current price of bitcoin is more than 54 lacks rupees and its increasing day by day.
The U.S. is the world’s largest cryptocurrency market, followed by Nigeria, China, Canada, the United Kingdom, and India.