The State Bank of Pakistan (SBP) and the federal government demanded that all cryptocurrencies be banned in the country in their report to the Sindh High Court (SHC).
Pakistani local news agency Samaaof January 12 According to the news dated SBP and the federal government filing a lawsuit regarding digital assets on Wednesday SHC‘eat a report on the banning of all cryptocurrencies presented.
Sindh High Court, 20 October At the request of the central bank, he told the federal government that cryptocurrencies should be regulated within three months. SBP Deputy Governor Seema Kamilprepared accordingly outlawing cryptocurrencies recommender 38 pages submitted the report to the court.
Cryptocurrencies is illegal and cannot be used for commerce banning cryptocurrencies China and Saudi Arabia over including nine countries example shown. The report also FIAAccording to the recent investigation by Binance and OctaFx against crypto exchanges, the risks these exchanges pose for investors, cryptocurrencies can be used to finance terrorist acts and money laundering. place was given.
First time to take a clear stance on cryptocurrencies the central bankIn addition to banning cryptocurrencies, SHC “unauthorized actionCryptocurrency exchanges to ban and to punish as some countries do. called.
Plaintiff, television host, activist, and crypto entrepreneur Waqar Zaka, to court many Pakistani citizens interested in crypto said, and that is why cryptocurrencies are removed from the court. to be declared legal demanded.
Federal Agency of Investigation (FIA) and other institutions Saying that it will continue to act according to its own rules, the court said the report should be used to determine the legal status of cryptocurrencies and make the final decision. To the Ministry of Finance and the Ministry of Justice decided to send it.
The court case 12 April will meet again on