Authorities in Pakistan freeze over 1,000 bank accounts owned by cryptocurrency traders.
According to local media, they have been allegedly used to make transactions worth close to $300,000 through digital asset exchanges, including major platforms.Bank accounts in the names of 1,064 individuals have been frozen by Pakistan’s Federal Investigation Agency . The law enforcement authority acted on request from the Cyber Crime Reporting Center in Islamabad, the Pakistan Observer informed readers on Wednesday.
Officials claim the accounts have been utilized to process transactions worth a total of 51 million Pakistani rupees made by persons to and from a number of crypto exchanges, among which are well-known platforms such as Binance, Coinbase, and Coinmama. The agency has also blocked their credit cards used to buy and sell digital coins, the publication added. It also reminded residents that the State Bank of Pakistan prohibited the purchase and sale of cryptocurrencies with a circular issued by its Banking Policy and Regulation Department in April 2018.
Despite the ban, however, cryptos like bitcoin have enjoyed growing popularity among investors in the country. According to an estimate from a recently published report by the Federation of Pakistan Chambers of Commerce and Industry , PakistanisAt a press conference last week, FPCCI President Nasir Hayat Magoon noted that the quoted valuation of the digital currency owned by Pakistanis is based on research carried out by the association’s Policy Advisory Board.
Magoon also called on the government to introduce a relevant policy to regulate and facilitate crypto-related transactions, pointing out that the regional rival,
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
DAX Forecast: Reaching Towards Crucial \u20AC16,000 LevelThe German DAX Index had a very strong session on Tuesday, reaching towards the \u20AC16,000 level.
Leer más »
Crypto Cards Are Giving Bitcoin Purchase PowerSpending your cryptocurrency was once a headache-inducing endeavour. Payment giants Visa and Mastercard have rolled out support for cryptocurrencies on their vast networks, giving users the ability to quickly and cheaply convert them into traditional currencies for spending purposes.
Leer más »
Genesis Trading Sees 'Strong Signs' of Institutional Crypto Investment Growth Accelerating Next Year – Featured Bitcoin NewsGenesis Trading's head of market insights says that the institutional growth in the crypto space over the last 12 months 'has been astonishing.' The executive added: 'We're seeing strong signs of that accelerating over the next year.'
Leer más »
Crypto Market Sentiment Shifts Into 'Extreme Fear' Despite Bitcoin's Recovery to $47KCrypto market sentiment moves to a state of ''extreme fear'' amid Bitcoin's rebound to $47K Bitcoin BTC
Leer más »
Crypto makes history in 2021: Five instances of governments embracing digital assetsMany governments finally saw the light on crypto in 2021, with locations such as El Salvador and the UAE positioning themselves as hubs for the industry. What countries will open their doors in 2022?
Leer más »
Two Major Ethereum Whales Buy 2 Million MATIC in Past 24 HoursTwo whales from the top 1,000 list, who bet on ETH as the largest asset in their portfolio, have purchased one million MATIC each, adding them to their crypto holdings
Leer más »