Cryptocurrency is an expanding global trend that is being widely accepted in Pakistan. It is a digital currency that is not centralized but is based on blockchain technology. In addition, cryptocurrency is created and controlled using state-of-the-art encryption techniques that make it more secure. Mining occurs when a transaction is recorded in a blockchain. Surprisingly, there are over 5,000 cryptocurrencies on the market. In some countries cryptocurrencies are easily accepted as a collection of value, however, they may not be quite perfect for transactions if there are better alternatives. Over time, Pakistan adopted the use of cryptocurrency and gained acceptance in the mainstream. Khyber Pakhtunkhwa is one of the places where cryptocurrency has evolved and been used. This is due to the fact that many investors have approached the government for investment in the construction of crypto mining farms. Cryptocurrency is not only important but also plays an important role in Pakistan's economy. The major transformation brought about by cryptocurrency and blockchain technology is the elimination of most intermediaries in Pakistan’s broader economy. Pakistan is easily adopting corrupt currencies even with plans to find a new digital coin - to promote financial inclusion, reduce money laundering and terrorist financing. With the acceptance of digital currency, mining firms, their digital coins, and government support, the development of cryptocurrency in Pakistan is huge. However, crimes related to digital currency still need to be tackled. Awareness should be created to ensure that its users do not fall into the hands of the bad guys.
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