The IMF demands Pakistan to tax cryptocurrency investments in exchange for $3 billion in bailout funds

ChainCatcher news, the International Monetary Fund (IMF) has requested the Federal Board of Revenue (FBR) of Pakistan to impose capital gains tax (CGT) on cryptocurrency investments as one of the requirements for qualifying for a $3 billion bailout. The $3 billion assistance provided by the IMF aims to stabilize Pakistan's excessively inflated formal economy and prevent it from defaulting on its debts. If Pakistan agrees to these conditions, the IMF will disburse approximately $1.1 billion.