Do you know Ghulam Ahmad? He is one of the Pakistanis who quitted his job in 2014 as he was sure to have even more wealth by mining Bitcoin. He had so firm a belief in this that he never turned back. Rather he dedicated himself to learn and master cryptocurrency mining and trade.
A Whatsapp Group to Learn Crypto Trade
After having enough gems of cryptocurrency trade, Ahmed made a Whatsapp group where he has hundreds of members. These members belong to every field from a common housewife to a student. They are all eager to learn about cryptocurrency investments and gain profits. Interestingly enough, most of these members have the least knowledge and understanding about trade or traditional stock, yet they are all equally eager to move forward in this field.
Ghulam Ahmed is just 38 years old and he consistently takes his time out to answer the queries of cryptocurrency enthusiasts once a week in his Whatsapp group.
Social Platforms Spreading Awareness
This clearly shows how much popularity cryptocurrency is gaining in Pakistan among all and sundry. This has also been concluded by observing massive clicks by Pakistanis at the social media sites and Youtube videos explaining cryptocurrency transactions and online exchanges.
Cryptocurrency is Still Illegal in Pakistan
We all know that cryptocurrency is still an illegal commodity in Pakistan, yet the Financial Action Task Force (FATF) has urged the government of Pakistan to bring regulations to this industry. Being illegal, the people who are involved in its trade look to be suspicious. It is feared that they might be involved in some money laundering activity.
Facing Petty Allegations
This was the case with Ghulam Raza too. He was arrested by the FIA for being involved in money laundering and electronic fraud. But none of the allegations were proved to be true in court.
Another leading name is Waqar Zaka who has around one million followers on Youtube campaigning to legalize cryptocurrency in Pakistan.
Conclusion
Despite being an illegal commodity in Pakistan, cryptocurrency fame seems to be unstoppable. You can see a large number of social media groups explaining about cryptocurrency even some of the Youtube videos are in the Urdu language also. Localbitcoins.com has Pakistani traders in hundreds. Binance, a cryptocurrency trading app, also showed more downloads from Pakistan than any other country.
Source
870.065 SRY
