The Pakistani telecommunications authority is asked to block over 1,600 crypto sites-Minister says that the government intends to regulate crypto-
The Pakistani telecommunications authority is asked to block over 1,600 crypto sites-Minister says that the government intends to regulate crypto-
The Pakistani telecommunications authority was asked by the Federal Investigation Agency (FIA) to ban more than 1,600 crypto websites. The campaign followed a complete crypto ban recommendation from the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country's scientific minister said that the government intended to "regulate" crypto in the country.
The Pakistani FIA takes measures against crypto websites and supports the recommendation of the central bank to ban crypto
The Pakistanische Federal Investigation Agency (FIA) wrote to the Pakistan Telecommunication Authority (PTA) and asked the Telekom regulatory authority to block access to more than 1,600 crypto trade website, reported Samaa TV on Tuesday, citing FIA director Babur Bakht QURESHI.
The director first Bitcoin.com/pakistan-seks-to-block-in-in-in-cryptocurrency/" Rel = "noopener"> his intention to contact the telecommunications authority last week, by some To block crypto websites. He claims that cryptocurrency is used for money laundering.
In addition, "revealed QURESHI that a list of people who are involved in the trade in cryptocurrency is created," the publication said. He added that "these people are arrested" when the cryptocurrency in Pakistan is prohibited.
In addition, Qureshi said that measures are taken against people who promote cryptocurrencies in Pakistan. "These people are on the radar of the agency and soon a procedure will be initiated against them," the director was quoted.
A growing number of countries is hard against crypto advertising, including the , Singapur , and India.
Pakistan still checks what to do with crypto
The Pakistani government is currently examining whether cryptocurrencies are to be banned or regulated.
The Pakistani Minister of Science and Technology, Shibli Faraz, said on Monday at the country's first blockchain summit, which was organized in cooperation with his ministry that the government intends to "regulate" the cryptocurrency in the country. He explained that the Ministry of Finance, the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan are already working on a plan.
The State Bank of Pakistan (SBP) has already made its contribution Prohibited cryptocurrencies. Last week the Central Bank presented the Sindh High Court a report in which it recommended a complete ban on crypto.
The Sengh Supreme Court then indicated the Justice and Finance Ministry to evaluate the recommendations of the SBP and to decide whether crypto is prohibited or some activities associated with it should be approved. The court asked the two ministries to submit their joint report in April.
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