KARACHI: A high-level committee constituted by the Sindh High Court (SHC) on Wednesday recommended a complete ban on all cryptocurrencies in Pakistan. The high court on October 20, 2021 constituted a committee headed by the State Bank of Pakistan (SBP) deputy governor to consider the trade/transactions of any kind of cryptocurrency in Pakistan. The SHC … Read more
HO CHI MINH CITY – Vietnamese police have smashed a huge cryptocurrency ring worth around $3.8 billion, state media said Friday, as authorities battle rampant illegal gambling in the country. Fifty-nine people were detained in southern business hub Ho Chi Minh City, accused of luring players through social media to place bets online, according to the city … Read more
The Sindh High Court on Monday directed State Bank of Pakistan (SBP) deputy governor and Federal Investigation Agency’s director cybercrime wing to appear in person in a petition challenging the ban imposed by central bank on cryptocurrency. The high court directed the finance secretary to explain the measures taken to legislate the use of cryptocurrency … Read more
Binance, one of the world’s largest cryptocurrency exchange, has been proscribed by Britain’s financial regulator. The regulator said the company cannot conduct any structured activity and issued a warning to consumers about the platform, which is coming under growing inspection globally. In a notice, the Financial Conduct Authority (FCA) said Binance Markets Ltd, Binance’s only … Read more
A swing of cryptographic accounts related accounts on China’s Twitter-like Weibo platform get blocked over a wild and momentous weekend for cryptocurrencies, as admittance to several extensively followed crypto-related accounts was denied, with a message saying each account “violates laws and rules”, reported Private News Agency. A couple of monetary controllers and experts recommend that … Read more
The Sindh High Court (SHC) on Wednesday has sought details of the ban on the cryptocurrency in Pakistan. According to the details, Justice Muhammad Iqbal Kalhoro heard the petition regarding the ban on digital currency. In his remarks, Justice Muhammad Iqbal Kalhoro questioned about not using digital currency in the current era. The court also … Read more
Waqar Zaka, a renowned TV show host, has filed a petition in Sindh High Court (SHC) asking for ending ban on cryptocurrency in Pakistan. The petitioner, Waqar Zaka has said that digital currency will help bring in more investment in Pakistan. In its reply, the State Bank of Pakistan (SBP), has said that many people … Read more
