#CryptoCurrency Permanently #BANNED in Pakistan
A meeting of the Standing Committee on Finance was held under the chairmanship of Senator Saleem Mandviwala at Parliament House today, where it was informed that the State Bank of Pakistan (#SBP ) and the Ministry of IT & Telecom have started work to ban the use of cryptocurrencies in the country.
The committee directed authorities to block cryptocurrency services and websites dealing with the instrument in Pakistan.
Minister of State for Finance and Revenue Dr. Aisha Ghaus Pasha informed the committee that cryptocurrencies will never be legalized in Pakistan. She said the Financial Action Task Force (#FATF ) had imposed strict conditions on the usability and viability of cryptocurrencies, therefore this medium of exchange will not be allowed in Pakistan.
