Why Is Cryptocurrency Banned In Pakistan

Last Updated on December 28, 2023 by Paganoto

Pakistan plans crypto ban; industry players call it big mistake

It cited concerns on the use of cryptocurrencies for money laundering and financing terrorism. The crypto industry in Pakistan has been under scrutiny lately as FIA intended to investigate the local arm of Binance as part of a suspected scam, which has cost several thousand investors more than $100 million.Jan 14, 2022

State Bank of Pakistan, Government Weighing Crypto Ban

The State Bank of Pakistan (SBP) and the federal government are reportedly weighing a ban on all cryptocurrency transactions in the country, …

Pakistan's central bank tells court cryptocurrency should be …

KARACHI, Pakistan, Jan 13 (Reuters) – Pakistan’s central bank has recommended banning cryptocurrency, arguing in documents submitted in an …

Pakistan plans crypto ban; industry players call it big mistake

It cited concerns on the use of cryptocurrencies for money laundering and financing terrorism. The crypto industry in Pakistan has been under …

PTA opposes banning cryptocurrencies – The Express Tribune

ISLAMABAD: The Pakistan Telecommunications Authority (PTA) has expressed concerns over the decision to ban the trading of cryptocurrency in the …

Should Pakistan ban cryptocurrency? – The Express Tribune

According to market reports, investors in Pakistan were using mobile applications that allowed them to trade cryptocurrency, but these …

Bitcoin ban could backfire on Pakistan – Asia Times

PESHAWAR – Pakistan’s central bank has proposed a ban on all forms of cryptocurrency, saying the risks involved in trading Bitcoin, …

Pakistan Plans to Ban Cryptocurrencies as Stance Hardens

The government of Pakistan and its central bank want to ban the use of cryptocurrencies, local media reported, citing a document submitted …

Pakistan Government To Ban Cryptocurrency Trading – Bitcoinist

Pakistan’s FIA (Federal Investigation Agency) has announced that they plan on obtaining a court order from the PTA to block cryptocurrency …

Why is cryptocurrency banned in Pakistan? – Quora

Cryptocurrencies including bitcoin are not officially regulated in Pakistan, however, it’s not illegal or banned. As of 16 January 2021, the State Bank of …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.