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Should Countries Accept Bitcoin as a Legal Tender? (Finance Explained)Bitcoin was invented in by the mysterious Satoshi Nakamoto. It is decentralized, meaning it's not controlled by any person or entity. Cryptocurrencies including bitcoin are not officially regulated in Pakistan; however, it is not illegal or banned. As of 16 January , the State Bank of. The People's Bank of China argues that its ban on cryptocurrencies is to curtail financial crime and prevent economic instability.
