While negotiations on a $3 billion standby agreement between Pakistan and the IMF are expected to be concluded today, the cryptocurrency The detail attracted attention.
According to local news agency The News, IMF asks Pakistan to impose capital gains tax on cryptocurrency investments Among the conditions of the $ 3 billion aid package, he added the requirement that Capital Gains Tax be applied to gains from cryptocurrencies.
Those who have a negative attitude towards cryptocurrencies IMF, Pakistan has asked the Federal Board of Revenue (FBR) to impose capital gains tax on cryptocurrency investments as one of the conditions for obtaining a $3 billion bailout fund.
The $3 billion aid provided by the IMF aims to stabilize Pakistan’s legal economy, which is suffering from hyperinflation, and prevent it from defaulting on its debts.
If the negotiations go well and Pakistan accepts the IMF’s conditions, the IMF will pay the remaining approximately $1.1 billion of the rescue package.
Patistan’s taxation of cryptocurrency earnings will mean recognition of cryptocurrencies. However, Pakistani Finance Minister Aisha Ghaus Pasha stated in a statement that the country will never legally recognize cryptocurrency trading.
*This is not investment advice.
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