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Tag: State Bank of Pakistan

Pakistan Hints at Possible Ban of Crypto Trading | Live Bitcoin News

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The nation...

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Finovate Global Australia: CBA Launches Tech Hub, ANZ Plus Reaches 100K Customer Milestone, Aussie Regulators Target AMEX

Commonwealth Bank of Australia Launches Tech Hub in Brisbane Over the summer, Australia’s Commonwealth Bank (CBA) unveiled its latest technology hub in Melbourne....

NayaPay Grabs a $13 Million Funding Round to Expand Pakistan’s Digital Payments

NayaPay, a Pakistan-based fintech platform, announced today that it has raised $13 million in a funding round led by Zayn Capital. Other global institutions and angel investors, such as MSA Novo, S...

Russia’s Central Bank Reportedly Proposes a Total Crypto Ban

The Bank of Russia intensifies its harsh stance on crypto by proposing a complete ban on the asset class.

Pakistan’s FIA Asks Telecom Authority to Block Over 1600 Crypto Sites

Pakistan Blocks 1600 crypto sites

Samaa TV reported last Tuesday, citing FIA Director Babur Bakht Qureshi, that Pakistan’s Federal Investigation Agency (FIA) has written to the Pakistan Telecommunication Authority (PTA) seeking a prohibition on the access to more than 1,600 cryptocurrency trading websites. Last week, the director announced his plan to seek the Telecommunications Authority over the shutdown of various crypto websites. Cryptocurrency, he believes, is being used for money laundering. Qureshi said “a list of those involved in the Bitcoin trade is being compiled,” according to the website. When Bitcoin is banned in Pakistan, he says, “These guys would be jailed.” Furthermore, Qureshi stated that those who promote cryptocurrency in Pakistan will be prosecuted. The director was cited as adding, “These persons are on the radar of the agency, and action will be done against them soon.” Pakistan Still Comprehending What To Do with Crypto Pakistan’s government is debating whether or not to ban or regulate Bitcoin. Shibli Faraz, Pakistan’s minister of science and technology, said last Monday during the country’s inaugural blockchain summit, which his ministry co-hosted, that the government plans to “regularize” cryptocurrencies in Pakistan. He went on to say that the finance ministry, the State Bank of Pakistan, and the Pakistan Securities and Exchange Commission are all working on a strategy right now. The State Bank of Pakistan (SBP), on the other hand, has already decided to outrightly ban cryptocurrencies. The central bank presented a report to the Sindh High Court last week suggesting that cryptocurrency be banned entirely.

The post Pakistan’s FIA Asks Telecom Authority to Block Over 1600 Crypto Sites appeared first on Cryptoknowmics-Crypto News and Media Platform.

Pakistan Is Considering Ending All Crypto Activity

Pakistan could be the next country to ban cryptocurrency. The nation’s central bank is calling for an outright ban on all digital currency activity per documents submitted to the Sindh High Court, the country’s biggest legal establishment. Pakistan Seeks to End Crypto’s Run The fight has allegedly been going on since the year 2019. A...

The post Pakistan Is Considering Ending All Crypto Activity appeared first on Live Bitcoin News.

Pakistan Wants To Block Websites Dealing With Crypto

Pakistan wants to block websites that deal with crypto according to the Pakistani Federal Investigation Agency as we read further in today’s cryptocurrency latest news. The decision followed a meeting with the agency and the State of Pakistan which recommended a complete ban on crypto. Pakistan wants to block websites even that have to deal […]

Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report

Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly Seeks to Block Cryptocurrency Websites Pakistan’s Federal Investigation Agency (FIA) is seeking to block websites […]

State Bank of Pakistan recommends a cryptocurrency ban

The State Bank of Pakistan is contemplating a complete ban on crypto assets. The institution notes that cryptocurrencies present certain risks, and is even referred [...]

Crypto News Roundup: NFT Restuarant, Blockchain In Space, Buy Telsa With Dogecoin

GameStop to launch an NFT marketplace, New York’s first NFT restaurant coming soon, and now you can buy Tesla merchandise with Dogecoin.

The post Crypto News Roundup: NFT Restuarant, Blockchain In Space, Buy Telsa With Dogecoin appeared first on BitcoinChaser.

Pakistan’s Central Bank Decides to Completely Ban Cryptocurrency: Report

Pakistan's Central Bank Decides to Completely Ban Cryptocurrency: ReportThe State Bank of Pakistan (SBP), the country’s central bank, has reportedly come to a decision to ban the use of all cryptocurrencies within the country. The central bank has also asked the Sindh High Court to ban “unauthorized operations” of crypto exchanges and impose penalties on them. Pakistani Interministerial Committee Recommends Banning Cryptocurrency and […]

Pakistan’s Central Bank Recommends a Total Crypto Ban (Report)

Cryptocurrencies do not have a legal status and should be completely banned on the territory of Pakistan, the nation's central bank insisted.

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