Ban crypto trading

Nowadays, almost every young person with a certain level of IT knowledge is involved in crypto currency trading using exchanges mostly located outside Pakistan. There are hundreds of digital coins available for trading at these exchanges. My view about trading in these crypto currencies on a daily basis is that it is a kind of addiction akin to gambling and a menace for our young people.

Margin trading is being offered by every single exchange which accrues big losses in the end, resulting in very low investor return. It is a kind of a modern trap to attract innocent people. The officials concerned must take steps to stop these exchanges and ban them from operating in our country.

Mumraiz Khan

Karachi