Year: 2018

Cash Is Evil

A lot many of my colleagues are presenting the argument that Cash is Evil. Cash is Dead. Cash is a Menace to Society. I beg to disagree. Whilst I do agree the obsolescence factor has come into play, one can hardly call it game over. Cash is not evil. It has been made evil, because …

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Why the Knights Templar were Really Good at Banking

The history of modern banking is quite rich and dates way back in time. Several entities and civilizations have been credited for their contributions towards the development of modern banking systems and the variety of services provided by banks today. The Knights Templar played a significant role in the introduction and diversification of banking services …

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Central Bank of Pakistan puts prohibition on Bitcoin & Virtual Currencies.

The central bank of Pakistan, i.e. State Bank of Pakistan, ended months of neutral stance by formally issuing a notice on Bitcoin &/or Virtual Currencies. In a Banking Policy & Regulations Department (BPRD) Circular # 3 of 2018, State Bank of Pakistan has officially put a Prohibition of Dealing in Virtual Currencies/Tokens. It also confirms …

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