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

2 years ago

A erstwhile world TV big with millions of followers connected YouTube became 1 of Pakistan's biggest crypto proponents, and hopes to assistance his state radiance again.

 Pakistani crypto billionaire wants his state  to beryllium  little  reliant connected  credit

When YouTube was banned successful Pakistan, Reality TV-star Waqar Zaka "had nary different option" than to crook to Bitlanders — an AI acquisition societal platform, to monetize his contented successful Bitcoin (BTC). Cointelegraph interviewed Zaka for the latest occurrence of Crypto Stories to find retired however this personage came up against the Pakistani government.

Zaka claimed that the superior gains helium was earning successful Bitcoin were "nothing" successful examination to his YouTube earnings, but that nary 1 believed successful the origins of his newfound fiscal freedom. With goals of making his location state of Pakistan crypto rich, helium decided to commercialized successful his media and entertainments enactment for Bitcoin survey materials. 

When the exertion averse Pakistani authorities banned Bitcoin successful 2017, Zaka filed a petition against it and won. He took to societal media to talk retired against the government's unconstitutional acts, connection advisory enactment and promote the Pakistani radical to put successful crypto. Zaka was past appointed for a short-lived task to tally Pakistan's archetypal crypto mining workplace that uses hydropower.

When Bitcoin was inactive astatine $5,000, Zaka challenged the authorities to put 1% of its fund and enactment up his spot arsenic collateral. He succeeded successful getting the authorities to enact an bid that does not criminalize crypto mining oregon investing unless proven to beryllium invoiced successful amerciable activities.

Related: Crypto Stories: Spells of Genesis paper crippled resurges successful popularity arsenic income skyrocket

Recently, Pakistan's President Arif Alvi called for much grooming successful blockchain technology, artificial quality and cybersecurity during a gathering with blockchain experts.

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