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Pakistan’s Crime Agency to Ask Telecom Authority to Block Crypto Websites: Report

Pakistan’s Crime Agency to Ask Telecom Authority to Block Crypto Websites: Report

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Pakistan’s Federal Investigation Agency (FIA), which investigates critical and arranged crime, stated it can ask Pakistan Telecommunication Authority (PTA) to block web sites dealing in cryptocurrencies, according to a report by Dawn.

  • The proposal is meant to counter fraud and potential cash laundering by blocking crypto-linked web sites, FIA Director-General Sanaullah Abbasi stated at a press convention Saturday after assembly with officers of the State Bank of Pakistan (SBP).
  • SBP has already submitted suggestions for regulating cryptocurrencies, Abbasi stated.
  • “Crypto has given a new dimension to the fraud,” stated Abbasi, including that his company will strategy authorized specialists to cope with fraud and different points arising from crypto forex dealings.
  • Earlier this month the FIA stated it needed to speak with Binance, the world’s largest crypto alternate, as a part of an investigation right into a suspected rip-off it stated has value a number of thousand traders greater than $100 million.
  • On Jan. 13, the native media stated that the federal government of Pakistan and its central financial institution stated they need to ban the usage of cryptocurrencies, citing a doc submitted to a provincial courtroom.

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