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Pakistan moves to bring cryptocurrency boom out of the dark

byMuhamad Arshad
July 17, 2021
in Business
Reading Time: 1 min read
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Once a week Ghulam Ahmed, 38, takes time out from his cryptocurrency consulting business to log into a WhatsApp group with hundreds of members eager to learn how to mine and trade cryptocurrency in Pakistan.

From housewives looking to earn a side income to wealthy investors wanting to buy a crypto mining hardware, many barely understand traditional stock markets but all are eager to cash in.

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“When I open the session for questions, there’s a flood of messages, and I spend hours answering them, teaching them basic things about cryptocurrency,” said Ahmed, 38, who quit his job in 2014, believing it was more profitable to mine Bitcoin.

Pakistan has seen a boom in trading and mining crypto, with interest proliferating in thousands of views of related videos on social media and transactions on online exchanges.

Tags: crypto miningCryptocurrencycryptocurrency in PakistanDigital Currencystock markets
Muhamad Arshad

Muhamad Arshad

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