Crypto-Terror: Pakistan warns of Bitcoin, digital currency crime spike - Arab News

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Source link: https://www.arabnews.com/node/1803931/world
Published by: ARAB NEWS on 4 Feb 2021
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Topics with Arab News, Digital Currency, Pakistan (3)

Who are Arab News?
What is Digital Currency?
Digital currency (digital money, electronic money or electronic currency) is a type of currency available in digital form. This is in contrast to physical, such as banknotes and coins. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless

transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency (CBDC). Digital money can either be centralized, where there is a central point of control over the money supply, or decentralized, where the control over the money supply can come from various sources.
What is Pakistan?
Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the world's fifth-most populous country with a population exceeding 212.2 million. It has the world's second-largest Muslim population. It is the 33rd-largest country by area, spanning 881,913 square kilometres

(340,509 square miles). Pakistan has a 1,046-kilometre (650-mile) coastline along the Arabian Sea and Gulf of Oman in the south and is bordered by India to the east, Afghanistan to the west, Iran to the southwest, and China to the northeast.

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