Date happened
17th Mar, 2021
First KP Crypto Advisory Committee Meeting held under the Chairmanship of Zia Ullah Bangash at KPITB Peshawar.
The first meeting of the Khyber Pakhtunkhwa Crypto Advisory Committee chaired by Crypto Currency and Crypto Mining, Ziaullah Bangash, and Provincial Finance Minister Taimoor Jhagra.
In the first meeting of the Advisory Committee, it was decided that all committees will be formed to deal with various matters. BlockChain Committee was established in the sub-committees which included Ahmed, Atif, and Wajid while the chairman member of the provincial assembly.
The technical committee and coordination committee were set up in other committees. Coordination committee members will join the provincial assembly and technical members to discuss policy with steak holders, state banks, FBR, and other institutions.
Ziaullah Khan Bangash issued directions to Zelly committees to present their proposals at the next meeting of the Advisory Committee. He directed the technical committee to present a detailed report on the installation of hydropower including crypto mining forms including expenses.
Various technical members of the Advisory Committee also gave suggestions and legal opinions regarding crypto mining to the forum. The Advisory Committee was told that crypto mining should be done as a software deal, not as currency, and the procedure being implemented. The provincial government will have all the options in this.
Other members of the Advisory Committee, Advisor Food Khaliq-ur-Rehman, Members of Provincial Assembly Dr. Sameera Shams, Humira Khatun, Ayesha Bano, Shagufta Malik, Anita Mehsud, Rehana, and Technical Experts Waqar Zakya, Dr. Wajid, Ahmad Rumi, Ghulam Ahmad, Barrister Salman Including Secretary Department of Science and Information Technology Humayun Khan, Managing Director IT Board Dr. Ali Mehmood, Director IT Board Asim Jamshed and Director of Science and Information Technology Khalid Khan.
Ziaullah Bangash has said that the provincial government is taking serious steps for crypto mining under the guidance and patronage of Chief Minister Mahmood Khan and we will start crypto mining and blockchain according to legal procedures after consultation with all stakeholders and experts.
All the options and control of crypto mining will be with the government and after fulfilling the legal requirements all investors will be able to contact us whether Pakistani or foreign countries. Ziaullah Bangash
In the meeting, the Managing Director of Khyber Pakhtunkhwa Information Technology Board, Sahibzada Ali Mahmood also recommended setting up a committee on BlockChain. In addition to the review of various technical matters, the use of this technology in various government departments under the scope of this committee. This will include reviewing all aspects and presenting recommendations regarding this.
Ziaullah Bangash said about crypto mining that the weather of Khyber Pakhtunkhwa is useful for it, Khyber Pakhtunkhwa has many hydropower capabilities and all these facilities are essential for crypto mining. While the provincial government is also taking steps for legislation and All experts can also give suggestions on the website of the Khyber Pakhtunkhwa Information Technology Board.
Ziaullah Bangash said that those who are interested in crypto mining should apply. He said that he will also hold a seminar on this topic very soon to raise awareness to the public.
Provincial Finance Minister Taimoor Saleem Jhagra said that we are also looking at the legality of crypto mining and the needs of other stakeholders like State Bank and FBR. And we will try to launch crypto-mining after completing all legal requirements. So that like other countries we can also take advantage of this opportunity.
Food Advisor Mian Khaliq-ur-Rehman said that we should also benefit from experiments from other countries and implement an easy and understanding system to guide industries and give people information about crypto mining through an awareness campaign.