Thursday , 17 January 2019
Home / Finance / Bitcoin Exchange in Pakistan Stop Working Bitcoin Exchange in Pakistan Stop Working

Advertisement was the only local bitcoin exchange in Pakistan which was closed due to statebank of Pakistan take action. Urdubit  working as exchange to buy and sell bitcoin and crypto currency.

Company Profile

Urdubit conneced with the global BlinkTrade network which added FoxBit in Brazil, SurBitcoin from Venezuela, ChileBit.NET from Chile and VBTC in Vietnam. Through this global exchanges you can easily access to the global network of crypto currencies in different languages. Urdubit working through open source algorithm. You were buy and sell the bitcoin very fast in just seconds. Closed

In a tweet from official account they announced they closed to working. They also mentioned in their tweet that don’t trust any spam and fraud emails because we are not closed everything.


Why Closed

On April 06, 2018 SBP(State bank of Pakistan) issued a letter to prohibition of dealing in virtual currencies. They mention in letter Bitcoin, One coin, Pay diamond or initial coin offering tokens are not legal.

So this is  the reason of Stopped working.


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