Cryptocurrency Q&A
Why is crypto banned in Pakistan?
Why is crypto banned in Pakistan?
Valeria
Sun Dec 15 2024
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5
answers
1297
I'm curious about the reasons why cryptocurrency is prohibited in Pakistan. I want to understand the background and factors that led to this ban.
5 answers
Lucia
Mon Dec 16 2024
According to Dawn News in 2022, these institutions were cautious about their stance on cryptocurrencies.
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CryptoNinja
Mon Dec 16 2024
The State Bank of Pakistan and the Securities and Exchange Commission of Pakistan made a significant decision regarding cryptocurrencies.
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ThunderBreezeHarmony
Mon Dec 16 2024
They chose to distance themselves from these digital assets due to potential repercussions.
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ShintoBlessing
Mon Dec 16 2024
Specifically, they feared that embracing cryptocurrencies could invite the wrath of the Financial Action Task Force.
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BonsaiLife
Mon Dec 16 2024
The International Monetary Fund was also a concern for the Pakistani regulators.
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