The Espobit cryptocurrency exchange urges the Pakistani authorities not to tax digital assets.
The Pakistani cryptocurrency exchange Espobit called on the country’s Ministry of Finance not to impose a 15 percent tax on cryptocurrencies, local media reported.
According to local media reports, Espobit has informed regulatory authorities that Pakistan can earn about 90 million US dollars on emissions, and not in the form of taxes due to capital gains tax on crypto assets, this policy can be returned to later.
The CEO of Espobit noted that other countries, such as India and the United States, earn billions of dollars in taxes, and Pakistan should consider considering cryptocurrency transactions as legal and subject to the rules, local media reported.
It may take the government 12 to 18 months to make a decision on this, Espobit told local media.