Putin Confirms Russia Will Regulate Cryptocurrencies

Following the meeting with Vladimir Putin, Russian regulators announced that cryptocurrencies will officially be regulated in Russia. The central bank and the finance ministry will now work together to come up with one draft law to provide a basic regulatory framework for cryptocurrencies including bitcoin, which is expected by the year’s end.

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Putin Has Spoken

At the meeting on cryptocurrencies between Putin and top Russian regulators on Tuesday, the decision to regulate cryptocurrencies in Russia was reached. “The Russian government has decided to officially regulate the mining and circulation of cryptocurrencies,” RT described and quoted Finance Minister Anton Siluanov announcing on Wednesday that:

We have agreed on the following: the state should regulate the process of issuing cryptocurrencies, the process of mining, the process of circulation…The state should head this situation and regulate it legally.

Putin Confirms Russia Will Regulate Cryptocurrencies
Putin’s meeting on cryptocurrencies.

The meeting was attended by Siluanov, Central Bank Governor Elvira Nabiullina, Central Bank Deputy Governor Olga Skorobogatova, Presidential Aide Andrei Belousov, and Qiwi CEO Sergei Solonin.

In the meeting, Putin acknowledged the risks associated with cryptocurrencies. However, he also stressed that “it is important not to create unnecessary barriers, of course, but rather to provide essential conditions for advancing and upgrading the national financial system.”

Finance Ministry to Work With Central Bank

Currently, cryptocurrencies including bitcoin are not regulated in Russia despite many attempts by various government departments to put forward proposals to regulate them. Both the central bank and the finance ministry have been working separately on a draft law to regulate cryptocurrencies. A draft bill was supposed to be introduced in October but was postponed due to a lack of consensus among the regulators.

Putin Confirms Russia Will Regulate Cryptocurrencies
Finance Minister Anton Siluanov.

The finance ministry proposed to legalize cryptocurrencies but was opposed by the central bank due to “a loss of control over the money flows from abroad.” This week, the ministry proposed to register cryptocurrency miners and to license crypto exchanges.

After the meeting with Putin, however, Siluanov told journalists that the finance ministry and the central bank will now work together to prepare one basic draft law to regulate cryptocurrencies, Tass reported on Wednesday and quoted him saying:

We will prepare the draft law together with the Central Bank…I think we will be able to determine the basic regulatory positions before the end of the year.

“According to him, with regard to regulation, the functions of the Ministry of Finance, the Central Bank and Rosfinmonitoring will be delineated,” the publication elaborated.

Possible Restrictions

In addition, Deputy Finance Minister Alexei Moiseev indicated on Wednesday that there may be some restrictions. “Russia’s Finance Ministry supports the idea to limit the amount cryptocurrency that can be purchased by individuals,” Tass detailed and quoted him saying:

We said that restrictions are needed on purchases and sales, accounts, miners’ taxation and so on…Yes, there is such an idea, we support it. We should discuss the amounts. We should look at international practice.

This is not the first time Moiseev talked about restricting the purchase and sale of cryptocurrencies in Russia. In August, he proposed listing them on regulated exchanges but banning non-qualified investors from buying and selling them. However, his proposal did not receive a lot of support from other regulators. First Deputy Prime Minister Igor Shuvalov promptly commented on Moiseev’s suggestion, stating that no legislation had been decided. The finance minister followed up with a suggestion that cryptocurrencies could be made available to anyone in the same way federal loan bonds (OFZ) are.

How do you think Russia will regulate cryptocurrencies? Let us know in the comments section below.

Pakistan Government to Put the Searchlight on Bitcoin Traders Says Local Media

Powerful Pakistan government and media officials appear to be contradicting the domestic population’s embrace of bitcoin.   

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Pakistan Government on the Defensive, Maybe

Karachi, Pakistan’s Dawn, a widely circulated and read periodical and website in English, is rather cosmopolitan. Covering bitcoin, however, its website curation seems to have a decidedly negative slant.

Pakistan Herald Publications Limited is Dawn‘s owner, and its CEO is Hameed Haroon, noted regional journalist and member of a highly influential family in the country.

In one dispatch from Mr. Haroon’s flagship, reprinted all over the world, the headline announced, “FBR goes after bitcoin traders.”

Pakistan Government to Put the Searchlight on Bitcoin Traders Says Local Media
Faisal Khan’s only evidence Pakistan’s government is paying any attention to bitcoin.

FBR is Pakistan’s Federal Bureau of Revenue, its principal collector of tax.

“The top intelligence department,” the piece insisted, “is investigating cases where investors trade digital currencies probably to evade taxes or launder money.”

The sentence-inserted link refers to the site’s own coverage of bitcoin reaching 1000 USD early this year. Not a single reference to FBR nor an investigation.

“A senior tax official said people evade tax and launder money using cryptocurrencies,” the article asserts without a single quote or reference. “They buy bitcoin to launder their tax-evaded money […], adding that they park their black money out of Pakistan in many cases.”

Paraphrases are allowed, of course, but this drove news.Bitcoin.com to search relevant Pakistani government pronouncements on bitcoin specifically, cryptocurrencies generally.

Nothing.

The Dawn piece goes on in this manner, listing a veritable alphabet soup of agencies and investigators and laws employed to hunt bitcoin traders without citing a documented source.

Pakistan Government's and Street's Tensions with Bitcoin
Screen Shot of SBP by Faisal Khan, showing no reference to the bank’s position on bitcoin.

What Blogs and Independent Sites Know

Faisal Khan, financial technology scout for venture capitalists and payments consultant, based in Turkey, blogged his similar bafflement.

After he too read the Dawn piece, he “wanted to explore the basis under which these raids are being conducted and wanted to comment on this further.”

He searched and searched.

Mr. Khan writes, “I’ve searched […], trying to find any circular &/or notification, gazette, SRO, press release, etc. related to Bitcoin &/or Cryptocurrency – but I could not find it.”

His knowledge of Pakistan’s legal history is impressive, and he cites all the documents he examined.Pakistan Government's and Street's Tensions with Bitcoin

“For bitcoin to be considered for money-laundering,” Mr. Khan notes, “it has to be defined into an asset class whereby [bitcoin] has been declared [money] or some form of an asset as per ‘some’ legal definition in some law in Pakistan.”

He concludes, “Right now, the Government of Pakistan in no way recognizes [bitcoin] as legal tender or legal ‘anything.’ It has no legal standing under any law in Pakistan.”

Since the series of articles in Dawn, bitcoin seems to be capturing the attention of Pakistani rupee holders anyway.

Localbitcoins exchange activity in the region as of this writing has risen exponentially, matching a global pattern.

Citing Japan’s approach, long-time Pakistani commodity trader Shahan Rehman urged acceptance “by a country compels people to jump on the bandwagon, increasing its price massively.”

As of now, official government pronouncements are not available to the public.

Are Pakistan’s laws on bitcoin just not available digitally? Is the government on purpose holding back? Tell us in the comments below.

U.S. Pressures BTC-e Exchange as They Plan to Distribute Funds Next Month

Last week the Russian bitcoin exchange, BTC-e, told the public about the trading platform’s plan to repay customers. Now the exchange is back and says there will be a full update come August 30 and the organization will follow with daily announcements. Further, BTC-e answered multiple questions from customers who want access to their funds.

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Releasing 55% of Funds & Pressure from the U.S.

U.S. Pressures BTC-e Exchange as They Plan to Distribute Funds Next MonthEarlier this summer news.Easypaypakistan reported on the cryptocurrency exchange BTC-e being taken down by U.S. law enforcement for connections to bitcoin laundering and illegal money transmissions. Following the FBI arresting alleged employees and seizing funds, the exchange announced on August 3 it had control over its servers and “some of its bitcoin purses.” The trading platform has released a few messages through Twitter and the forum Bitcointalk.org over the course of the past two weeks.

In those messages the exchange spoke of rebranding, working with other partners, and utilizing a unique in-house token to pay customers back similarly to how Bitfinex handled their hack. Now the exchange says come August 30th the organization will update customers every day.

“To date, there is a process of transferring digital resources to an investment company,” explains BTC-e’s latest announcement. “The company is preparing the resource for our launch. As it was announced earlier, at startup users will be able to withdraw 55% of the funds.”

We want to notify all users that there is a political background in closing our service and pressure from the U.S.

BTC-e Claims Fully Functional Exchange is Coming and Bitcoin Cash Refunds

The exchange also fielded questions from forum visitors who said they lost a lot of money due to the trading platform “going under.” Many of the traders were not happy with waiting and called BTC-e’s situation a “circus.” “There was a problem, and we will try to solve it in the shortest possible time,” the exchange says to upset clients. Another person stated that he needed his money now and called the exchange “evil.” BTC-e responds by saying that if it were possible funds would have been given out earlier and the real ‘evil’ resided with a “flag with a bunch of stars.”

The organization says they are hoping to open this September and will publish a “FAQ” in the near future. The FAQ was delayed due to an agreement with lawyers, BTC-e explains, and they can’t release it until the investigation completes. The exchange also answers a trader who asks if the exchange will have only “minimal functionality” and the company seems to think trading will be fully operational. Moreover, the exchange also detailed when they disperse customer holdings next month, Bitcoin Cash (BCH) will also be given to customers at a 1:1 rate.

What do you think about BTC-e’s recent announcement? Let us know in the comments below.

Coinbase Seeks $1 Billion Valuation From Committed Investors

According to a report from the Wall Street Journal, the bitcoin company Coinbase is seeking investors in a new funding round that aims for a $1 billion dollar valuation.

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Coinbase Seeks Investment Pledges of ‘$100 Million or More’ for a $1 Billion Valuation Goal

Coinbase Seeks $1 Billion Valuation From Committed InvestorsSources familiar with the matter told the publication Coinbase is currently having discussions with potential investors. Currently, investors that may pledge towards the round are undisclosed, but the source has disclosed it will be one of the biggest funding rounds in the digital currency space. The company has been one of the most well-known startups since Brian Armstrong, and Fred Ehrsam founded the company in 2012.

Over the course of the company’s life, it has so far raised $117 million over five funding rounds. This includes funding from big-name venture firms such as Andreessen Horowitz, BBVA Ventures, and the New York Stock Exchange (NYSE). The Wall Street Journal says the company is now seeking “$100 million or more” from investors looking to pledge.

“There’s more interest in bitcoin when prices go up, and then trading volume goes up,” explains one investor to the news outlet.

Therefore there’s more interest in bitcoin companies.   

Investors Are Noticing the San Francisco Bitcoin Company’s Popularity Continues to Grow

Besides getting large capital injections from venture firms and individual investors the company has grown massively. For instance, Coinbase claims to have 7.4 million users and works with 46,000 merchants who accept bitcoin. Additionally, the company has issued 24.2 million wallets and its software team has released 10,000 developer applications. On May 26 the company’s CEO Brian Armstrong told the public the company was seeing a significant influx of new registrants.

“Coinbase had 40,000 new users sign up in one day, or approximately one San Francisco Giant’s Stadium,” exclaimed Armstrong.

May was a crazy month for Coinbase as the price spike caused “Slow load times and degraded performance” and “partial outage” issues on May 22 through 25th.

If venture organizations and investors give more funding to Coinbase, the startup will be the largest funded bitcoin-based company on the record. The valuation will push Coinbase higher than other bitcoin-focused companies with significant funding capital such as 21 Inc. and Circle Financial.

What do you think about Coinbase looking for more venture capital? Let us know in the comments below. 

India’s Government Divided Over Bitcoin Legalization

As the period for public comments regarding the regulatory framework for bitcoin comes to an end, a debate heats up among members of the Indian Parliament about the legalization of digital currencies. Meanwhile, bitcoin trading volumes remain strong in the country.

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Parliament Members Divided Over Bitcoin

India's Government Divided Over Bitcoin LegalizationAt a Parliamentary Standing Committee of Finance meeting last week, a heated discussion erupted among members of the Indian Parliament about bitcoin.

A number of Parliament members, including BJP member Kirit Somaiya, “cautioned the finance ministry officials present at the meeting against any move to legalise bitcoin,” according to The Economics Times, India’s leading business newspaper.

A source told the publication:

Members feared that it [bitcoin] could become a parallel instrument for cycling black money and dodgy transactions and also be a source of terror financing.

India's Government Divided Over Bitcoin Legalization
Kirit Somaiya

They wanted the government to look into the vulnerability of bitcoin. Somaiya who has repeatedly spoken against the digital currency, calling it “illegal” on numerous occasions, raised a series of questions.

He asked the officials why the government was being ambivalent about this instrument, citing that they have not clarified whether it was a legally permissible instrument or not.

He also demanded to know whether officials are properly briefing the prime minister about the risks of bitcoin.

Bitcoin Could Soon Be Regulated in India

Currently, the same government has been considering legalizing the digital currency. Last week, the Finance Ministry started soliciting comments from the public on how to best regulate bitcoin. The deadline for submissions is May 31, and 3,357 comments have been submitted at press time. The majority of them are in support of regulating bitcoin.

India's Government Divided Over Bitcoin Legalization“Regulating bitcoins will address many such concerns and queries, including market acceptance, customer trust, investment security, money laundering, hawala, etc,” Hesham Rehman, co-founder and CEO of Bitxoxo Bitcoins Online, was quoted by The Times Group as saying. “For instance, regulations like strong eKYC and penalizing bitcoin trading in cash will help proper transaction records which will negate all the chances of any sort of illegal activity.”

Karthik Iyer, India’s Ambassador of the blockchain think tank P2P Foundations, also offered his viewpoint on the situation:

The government should think about treating cryptocurrencies as a commodity if not a full-fledged currency with exchange value. There is a lot of arbitrage in the markets and it can generate a great deal of wealth for India’s crypto traders.

India’s Bitcoin Volume

India's Government Divided Over Bitcoin LegalizationMeanwhile, bitcoin trading volumes in India have exploded. Last week, the price of a bitcoin skyrocketed globally. During that spike, it traded at nearly a $1,000 premium in India as supplies to the country have been limited.

This month, leading Indian bitcoin broker Zebpay announced that it had reached a milestone of over 500,000 app downloads and is adding more than 2,500 users daily. Struggling to keep up with the surge in new users and volume, Zebpay announced, “we have put a temporary buy limit of Rs 50,000 per day due to the shortage of bitcoin stock.”

India's Government Divided Over Bitcoin LegalizationNew user growth was also the cause of the downtime experienced at leading Indian bitcoin exchange by volume, Coinsecure. “We have been experiencing exponential growth of users on our website, causing slowness and stress on our systems,” according to a statement from CEO Mohit Kalra to Coinsecure’s customers.

Meanwhile, on the peer to peer Localbitcoins exchange, trading volumes in Indian rupee hit record highs as well, with nearly double the previous week’s volume of rupees traded for bitcoin.

India's Government Divided Over Bitcoin Legalization

Do you think that the Indian government will listen to their people and regulate bitcoin? Let us know in the comments section below.

Japan’s Bitpoint to Add Bitcoin Payments to 100,000+ Stores

Bitpoint has recently partnered with Peach Aviation to provide bitcoin payment tech to the company, and now plans to do the same at “hundreds of thousands of Japanese retail outlets.”

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From Peach Aviation to 100,000+ Stores

Japan's Bitpoint to Add Bitcoin Payments to 100,000+ StoresPeach Aviation Ltd announced last week that it will be the first Japanese airline to accept bitcoin for tickets. Peach is Japan’s first Low-Cost Carrier (LCC) and is majority owned by the country’s largest airline, All Nippon Airways Co. Ltd (ANA).

To accept bitcoin, the low-cost airline has partnered with Bitpoint Japan Co, a bitcoin exchange and payments startup founded on March 3, 2016. In addition to allowing Peach to accept bitcoin for flight tickets, the companies are working together to add bitcoin Japan's Bitpoint to Add Bitcoin Payments to 100,000+ Storespayment options to souvenir shops, restaurants, and hotels at travel destinations. Furthermore, “we will jointly install bitcoin ATMs where customers can withdraw cash from bitcoin,” their partnership agreement reveals.

On Monday, Bloomberg reported that Bitpoint is “planning to give hundreds of thousands of Japanese retail outlets the ability to accept the digital currency.” The company’s president, Genki Oda, said, “We’re holding discussions with a retail-related company,” adding that:

We’re also talking to a big convenience store operator about using it [bitcoin] … By going through a company providing payment terminal services to shops, we have the possibility of increasing its use at one stroke. It’s easier than talking to lots of individual retailers.

Japan's Bitpoint to Add Bitcoin Payments to 100,000+ StoresBitpoint currently has ties with several retailers and plans to expand that number, Oda told the publication. The aim is to promote the use of bitcoin in retail stores instead of as a speculative investment, he detailed.

Oda also runs Bitpoint’s parent company, Remixpoint Inc., a publicly-traded conglomerate with a market value of about 21 billion yen ($189 million).

400,000+ Stores Could Accept Bitcoin

Japan's Bitpoint to Add Bitcoin Payments to 100,000+ StoresSince April 1, when the Japanese government started recognizing bitcoin as a legal method of payment, a slew of Japanese companies have started considering accepting bitcoin. The first major retailer to do so following the government’s move was Bic Camera, one of the country’s biggest electronics retailers. The company partnered with Japan’s largest bitcoin exchange by volume, Bitflyer, to accept bitcoin.

Also in April, another bitcoin exchange, Coincheck, announced that it had been working with Recruit Lifestyle to bring bitcoin payments to over 260,000 stores by this summer. Claiming to hold 99% of the bitcoin payment market share, Coincheck said that about 5,000 stores already accept the digital currency using its payments system.

Japan's Bitpoint to Add Bitcoin Payments to 100,000+ StoresThen last week, Bitflyer CFO, Midori Kanemitsu, independently told Nikkei that the number of stores accepting bitcoin “is expected to rise to 300,000 or so in 2017.”

If Kanemitsu’s estimation is added to Monday’s announcement by Bitpoint, then the total number of stores that could start accepting bitcoin soon could rise to 400,000+.

Do you think Bitpoint will successfully add bitcoin payments to 100,000+ stores? Also, how many stores do you think will accept bitcoin in Japan this year? Let us know in the comments section below.

Use of Bitcoin in Ecuador Continues to Grow Despite Government Ban

Before issuing their own digital currency, Ecuador banned all others including bitcoin back in July 2014. However, today bitcoin’s use continues to grow in the country.

 

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Use of Bitcoin in Ecuador Continues to Grow Despite Government BanAs part of a reform to the country’s monetary and financial laws, Ecuador banned bitcoin and other digital currencies in July 2014. The then-President Rafael Correa, who served from 2007 to 2017, introduced the bill that made bitcoin illegal and signed it into law.

This law demands Bitcoin businesses “shut down their operations immediately.[…] Those who defy the ban will face prosecution, and all bitcoins circulated and assets in bitcoin trades face confiscation,” Panam Post reported at the time.

State-Run Digital Currency

Use of Bitcoin in Ecuador Continues to Grow Despite Government BanPart of the aforementioned law calls for the creation of an Ecuadorian state-issued digital currency backed by the assets of the Ecuador’s Central Bank (BCE).

Soon after banning bitcoin, the government rolled out its own digital currency, called Dinero Electrónico. It is pegged one-to-one to the US dollar, which is the country’s official currency.

However, Ecuador’s private banks did not have confidence in the central bank’s electronic money system. Julio José Prado, President of the Association of Private Banks (ABPE) said at the time:

We cannot at this point support any financial program that is administered by the BCE since we have no confidence that it is secure.

Alexandra Veloz is an attorney based in Quito, the capital of Ecuador, and a member of the Ecuadorian Bar Association. She is currently the legal counsel for the Antigua Report. Referring to the state-run digital currency program, she said last week that “the new system has garnered plenty of criticism, and adoption from banks and customers has been limited at best.”

Use of Bitcoin Continues in Ecuador

Regarding the prohibition of bitcoin and other cryptocurrencies, Veloz explained that:

The prohibition, however, does not ban digital currency outright.[…] Ecuadorian officials have neglected to punish defiant bitcoin use.

Use of Bitcoin in Ecuador Continues to Grow Despite Government BanShe noted that the government’s move was “more precisely, a monopoly privilege: the Ecuadorian state has the exclusive power to put its own digital money into circulation via the central bank.”

Despite the government making bitcoin illegal, its use has not halted in Ecuador, Veloz shared. There are buyers and sellers in the country who list themselves on Localbitcoins.com and bitcoin can also be purchased via Paypal like other online purchases, the attorney detailed. At press time, the cost of a bitcoin in Quito on the Localbitcoins market carries at least a $200 premium. Veloz added:

A small number of businesses have also taken the risk of establishing bitcoin as an alternative for payment. The national taxation and invoicing system do not integrate these transactions, but they remain an available option.

The Ecuadorian Bitcoin community even gathered to celebrate Bitcoin Pizza Day on May 22.

Use of Bitcoin in Ecuador Continues to Grow Despite Government Ban
Ecuadorian Bitcoin community (Photo\bitcoinecuador.org)

Do you think the Ecuadorian government will allow Bitcoin to thrive? Let us know in the comments section below.

Russian Bankers Push to Legalize Cryptocurrency

Russian bankers released a statement May 26, saying that cryptocurrency should be legalized for circulation. This message comes from German Gref, who is head of the Russian Sberbank. Gref said there needs to be an honest and intelligible conversation about cryptocurrencies, because attempts to ban it have only caused problems in the past. 

 

A Russian news article Russian Bankers Push to Legalize Cryptocurrencymentioned Greff’s commentary: “Gref stressed that they now engage in a constructive dialogue about cryptocurrency, the Central Bank are trying to understand – what is it and what to do next. ‘Attempts to introduce bans will only lead to the loss of existing competitors,’ said the head of the financial institution.”

Cryptocurrency May Become “Digital Product” in Russia

In another article by the same Russian news outlet, the Russian government’s Deputy Chairman Regulator of the Central Bank, Olga Skorobogatova, said government is preparing amendments regarding cryptocurrencies and the tax code. Skorobogatova went on to admit that government cannot control how many cryptocurrencies can be created. The Russian news page said,

Skorobogatov noted that virtual assets continue to be emitted, no gold reserves, they are not provided, there is no control over their number.

The Russian news outlet went on to say that government or the “financial market” does not necessarily see cryptocurrency as a threat, because government considers it a “digital product.” This is likely why government is seeking to create amendments for it in their tax code.

The article said, “Therefore, financial market electronic money does not consider it a threat. But, if you do not begin to deal with this issue, you can skip a significant risk increase.”

Russian Officials Want to Understand and Accept Cryptocurrency

Between bankers and government Russian Bankers Push to Legalize Cryptocurrencyofficials changing their perspective, it appears there could be a movement toward more political acceptance of cryptocurrency in Russia. This information comes as bitcoin’s popularity has surged over recent weeks and Japan has classified bitcoin as a payment method along others.

It looks like some governments and bankers are trying to understand cryptocurrency rather than react against it.

Do you think that Russia will accept and legalize cryptocurrencies? Let us know in the comments section below.

Federal Board Of Revenue goes after bitcoin traders In Pakistan

5925dda2f0facISLAMABAD: The top intelligence department of the Federal Board of Revenue (FBR) is investigating cases where investors trade digital currencies probably to evade taxes or launder money.

The State Bank of Pakistan (SBP) does not recognise cryptocurrencies, such as bitcoin. These digital currencies are also traded as commodities.

A senior tax official said people evade tax and launder money using cryptocurrencies. They buy bitcoin to launder their tax-evaded money, he said, adding that they park their black money out of Pakistan in many cases.

The anti-money laundering cell of the Directorate General of Intelligence and Investigation, Inland Revenue (I&I-IR) started investigating on Wednesday the financial affairs of people having huge investments in cryptocurrencies, including bitcoin.

Tax evasion is a predicate offence under Anti-Money Laundering Act 2010. The government has appointed the Directorate General of I&I-IR as investigating and prosecuting agency in cases where tax-evaded money is laundered.

According to the tax official, the trade of bitcoin is on the rise in Pakistan. The initial inquiry revealed that bitcoin is being traded mostly against cash in the country.

The current price of bitcoin is hovering around Rs200,000. Upon receipt of credible information, the Directorate General of I&I-IR undertook a search to trace the trade.

Summonses were served on major traders of bitcoin for further investigation. As per a report published online, the trade volume of bitcoin in Pakistan increased 400 per cent during December 2016 alone.

Bitcoin is sometimes used as a tool for money laundering due to the decentralisation of peer-to-peer online transactions and their anonymity. No laws currently regulate the trade in bitcoin.

According to the tax official, the inquiry showed major traders of bitcoin are employed in a multinational telecommunication company in Islamabad. They also maintain bank accounts in a few other countries.

However, they were not reporting their business activities to the tax authorities, which gave rise to the suspicion of money laundering.

The tax official said there is a high chance of tax evasion and money laundering in the trade of cryptocurrency.

Therefore, an in-depth probe is being carried out to gauge the actual quantum of bitcoin trading and scrutinise whether its income is being properly reported under the tax laws.

Published in Dawn, May 25th, 2017