Main page News, Fintech, Regulations, Crypto Market, Cryptocurrency, Money Laundering
Hot topic
1 April
11 11

The federal government of Pakistan is developing new crypto regulations as part of its action plan pertaining to the Financial Action Task Force, states The Express Tribune.

According to a source, familiar with the matter, a ceremony will be held at the Islamabad office of the State Bank of Pakistan.

It’s expected that the regulations will help "combat money laundering and terrorism financing."

It's also known that the regulatory bill highlights the possibility cryptocurrencies could be used by criminals as effective tools for money laundering and also could provide a certain range of opportunities for other illegal activities.

At press time, bitcoin (BTC) is illegal in Pakistan.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error