According to a report submitted to the Sindh High Court (SHC) on Wednesday, the federal government and the State Bank of Pakistan are urging an outright ban on transacting in all cryptocurrencies. As ...
Tag: Pakistan
Pakistan Plans to Ban Cryptocurrencies as Stance Hardens: Reports
The government of Pakistan and its central bank want to ban the use of cryptocurrencies, local media reported, citing a document submitted to a provincial court. The document was compiled by a committ...
Pakistan Central Bank and Federal Government Recommend Complete Crypto Ban
Pakistan’s central bank and the federal government have recommended that crypto be completely banned. The report they have formed has been sent to the law and finance ministries for further review. Re...
Pakistan: Central bank-led committee calls for ‘ban’ on cryptos and sanctions
Cryptocurrencies’ growing popularity and dominance threatens financial stability, according to different regulatory watchdogs across the globe. In fact, quite a few countries have banned the use of di...
Pakistan government contacts Binance over $100 million scam investigation
The Federal Investigation Agency (FIA) of Pakistan has sent an inquiry to Binance as part of a criminal investigation into a scam that allegedly used Binance wallets and integrated applications to def...
Pakistan investigating Binance for involvement in multi-million dollar scam
Binance’s wrangles with regulators have not ended despite the beginning of a new year. Pakistan’s Federal Investigation Agency (FIA) has issued a formal notice to the Binance cryptocurrency exchange r...
Pakistan to investigate crypto exchange Binance in an alleged $100 million scam
Pakistan’s Federal Investigation Agency has reportedly issued a formal notice to Binance after receiving multiple reports concerning a crypto scam that misled the investors into sending funds from the...
Pakistan to investigate Binance for multi-million dollar crypto scam
Pakistan’s Federal Investigation Agency (FIA) reportedly issued a formal notice to crypto exchange Binance in an effort to identify links around a multi-million crypto scam in the region. The g...
Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance – Bitcoin News
Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam wh...
Pakistan FIA Demand Audience With Binance Executive Following Fraudulent Apps
Binance has expressed its willingness to co-operate with the FIA regarding the fraudulent use of crypto wallets, which has affected many citizens’ crypto investments. Following complaints by Pakistani...
Pakistan: Binance gets pulled up by the regulators as Ponzi mobile apps surface
Pakistan’s Federal Investigation Agency’s (FIA) Cyber Crime Wing has issued a notice to crypto exchange Binance while investigating a scam, local media reported. Notably, the reports that FIA has also...
Pakistan Likely to Earn Billions From Cryptocurrency – Emerging Markets Bitcoin News
According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to c...
What will be shut down starting Jan 7
Transparent barriers enforcing social distancing measures are seen on tables at a restaurant in Hong Kong, on Tuesday, April 21, 2020. Roy Liu | Bloomberg via Getty Images From bars and pubs to sports...