Pakistani – DIGIT INFO

Pakistan Banks to Use Blockchain Technology for KYC

DIGIT — Mon, 06 Mar 2023 04:30:24 +0000

Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated network. Banks of Pakistan Looking to Employ Blockchain for KYC Checks Pakistan Banks’ […]

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Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance

DIGIT — Sat, 08 Jan 2022 22:30:42 +0000

Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed. Fraudsters Lure Pakistanis to Invest in Cryptocurrency Through Binance Pakistan’s […]

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Pakistan Freezes Over 1,000 Accounts and Cards Used For Crypto Trading

DIGIT — Thu, 30 Dec 2021 18:00:15 +0000

Authorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to 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. Pakistan Government Blocks Cards Used to Buy Cryptocurrency, Media Reveals Bank accounts in the […]

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Pakistanis Own $20 Billion in Crypto, Report Reveals

DIGIT — Thu, 23 Dec 2021 14:30:45 +0000

In the absence of regulations, people in Pakistan have invested a serious amount of money in digital assets. New research claims Pakistanis keep some $20 billion in cryptocurrency, allegedly more than what their central bank has in foreign reserves. Government Urged for Regulations as Study Shows Pakistanis Hold $20 Billion in Cryptocurrency The Pakistani nation […]

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Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations

DIGIT — Sat, 23 Oct 2021 02:30:30 +0000

The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments […]

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Pakistani blockchain marketplace completes record $30M raise

DIGIT — Wed, 25 Aug 2021 06:17:29 +0000

With total funding of $37.8 million to date, Bazaar Technologies is among Pakistan’s most capitalized startups.

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Pakistan’s Urdubit Exchange Shuts Down After Crypto Ban

DIGIT — Thu, 12 Apr 2018 11:55:48 +0000

Urdubit, a leading Pakistani bitcoin exchange, has closed down permanently. The news came after the central bank of Pakistan announced a ban on dealings with cryptocurrencies. The trading platform urged customers to withdraw their funds “as fast as possible”. Its team confirmed on social media its operations had been suspended due to the prohibition of […]

The post Pakistan’s Urdubit Exchange Shuts Down After Crypto Ban appeared first on Bitcoin News.

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Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular

DIGIT — Sun, 08 Apr 2018 23:14:37 +0000

The State Bank of Pakistan (SBP) has issued a circular on the “prohibition of dealing in virtual currencies”. The measure comes right after a similar move by the central bank of neighboring India. Commercial banks and payment providers have been told to stay away from crypto operations. They should not facilitate transactions of virtual currencies […]

The post Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular appeared first on Bitcoin News.

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