Pakistan To Regulates Cryptocurrency

Pakistan Regulates Cryptocurrency to Prevent ‘Terrorism Financing’

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Pakistan, cryptocurrency, bitcoinPakistan is introducing new regulations to govern the cryptocurrency sector with immediate effect | Source:Pakistan Regulates Cryptocurrency to Prevent ‘Terrorism Financing’ Paul de Havilland 01/04/2019 Crypto, News, Regulation

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Pakistan has announced plans to regulate cryptocurrencies in accordance with recommendations of the Financial Action Task Force (FATF). The regulations will be introduced immediately.

PAKISTAN EMBRACES DIGITAL CURRENCIES RELUCTANTLY
Pakistan had previously taken a hard stance against cryptocurrencies, with the country’s central bank warning banks and other financial services providers against offering services that supported virtual currency transactions.

In April last year, the State Bank of Pakistan (SBP) tweeted a reminder to the general public that it oversees and regulates domestic and international payment and money transfer services.

Source: https://www.ccn.com/pakistan-regulate-cryptocurrency-prevent-use-terrorists

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Pakistan To Regulates Cryptocurrency

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