Breaking: Pakistan Says Risks from Cryptocurrencies Outweigh Its Benefits

Pakistan’s central bank has said that the risks of cryptocurrencies far outweigh their purported benefits. It had earlier warned the investors to stay away from cryptocurrencies. Reza Baqir, governor of the State Bank of Pakistan, said that new and emerging markets are perfect and fertile ground for unregulated currencies being used for transactions instead of the nation’s legal currency, reports Bloomberg.