The State Bank of Pakistan (SBP) has written to the Pakistan Cricket Board (PCB) expressing concerns over sponsors in the Pakistan Super League (PSL) 8 and said that the official partner of the PCB, Best Gun. Tech Investment Coin is cryptocurrency, country laws do not allow holding cryptocurrency or digital assets.
The letter said that they want to provide all possible facilities for the successful conduct of PSL, PSL promotes sports and promotes the positive face of Pakistan.
The state bank said that the promotion of PSL crypto will attract Pakistanis to the business.
The letter further said that apparently these two websites are under the control of foreigners, the use of these websites in Pakistan will cause foreign exchange to be taken out.
The State Bank said that PCB and Karachi Kings did not allow Pakistanis to pay money abroad, using the websites in violation of the Foreign Exchange Act, 1947.
In the letter, it was said that PCB should ensure that Pakistanis do not use these websites, that domestic foreign exchange is not paid to these websites in an illegal manner, that PCB rules and regulations for selecting global sponsors for itself and the franchise. give
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