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Pakistan's central bank reportedly looking to ban cryptocurrencies

Mexico, Colima, Madrid
Published 1 week ago
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Pakistan's central bank reportedly looking to ban cryptocurrencies
Mexico, Colima, Madrid,
Published 1 week ago

Description

The State Bank of Pakistan (SBP) is reportedly trying to ban all cryptocurrency transactions in the country.

Pakistan's Sindh High Court reportedly held a hearing related to the legal status of cryptocurrencies in the country, in which several Pakistani authorities, including the SBP, submitted a document to the court, arguing that cryptocurrencies such as Bitcoin (BTC ) are illegal and cannot be used for trade.

The Hong Kong Monetary Authority aims to supervise stablecoin reserves

According to local news channel Samaa TV, the document cited at least 11 countries, including China and Saudi Arabia, that have chosen to ban cryptocurrencies. 


Pakistan's central bank has reportedly urged the court not only to ban activity involving cryptocurrencies, but also to impose sanctions against cryptocurrency exchanges.

cryptocurrencies Pakistan

Pakistan bank 

central ban cryptocurrencies 
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    adriana
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    Listing location

    Mexico, Colima, Madrid
    Colima St 384 Cali 30