Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Pakistan Announces Fresh Ban on Crypto: It Will "Never be Legalized in Pakistan."
Abstract：Pakistan’s government has released a fresh ban on crypto operating in the country as crypto is increasingly popular.
Pakistan‘s government has released a fresh ban on crypto operating in the country as crypto is increasingly popular. According to local reports, on Wednesday, Pakistan’s minister of state for finance and revenue Aisha Ghaus Pasha said Cryptocurrency will “never be legalized in Pakistan” to the country‘s Senate Standing Committee on Finance. Aisha Ghaus Pasha reportedly said that the Financial Action Task Force (FATF) had set a condition that cryptocurrency will not be legalized to keep it off the international finance watchdog’s so-called “Grey List”.
Early back in Jan 2022, the SBP declared it planned to ban crypto, its clear position on the new financial technology, CoinDesk reported. Pasha also states that the nations central bank, the State Bank of Pakistan(SBP), and the Information Technology Ministry have been ordered to initiate work on banning cryptocurrencies.
On 30 April 2023, Pakistans Dawn newspaper reported that banks have formally warned customers against using debit or credit cards for crypto trading despite the crypto is getting popularity in recent years in Pakistan.
Background
The ban was released at a time when Pakistan was in political turmoil. The former PM of Pakistan Imran Khan, who was arrested after allegations of corruption and released just days ago after Pakistans Supreme Court rules the arrest unlawful, is in a “tense standoff” with police at his home in the city of Lahore.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
CMS Prime Review: Traders Report Withdrawal Blocks, Fund Scams & Unprofessional Support
Is your CMS Prime forex trading experience financially distressing? Does the broker constantly deny you to withdraw your funds? Has the broker defaulted on swap charges? Has the CMS Prime scammed you at every stage of your forex journey with it? Do you also have to witness unprofessional behavior from the broker officials? Well, these trading issues have become headlines on the CMS Prime broker’s review platforms. We have shared some complaints in this CMS Prime review article. Read on!
Original 17h
BingX Review: Traders Angry Over Withdrawal Denials, Account Blocks & More
Are BingX officials with you when you lose your trade? Do these officials apply restrictions on withdrawals as you earn profits? Do you lose access to BingX com login after earning profits? Does the US-based forex broker block your trading account in such situations? Failing to get key trading data access from the broker? These issues have been affecting many traders at BingX. In this BingX review article, we have shared some complaints. Take a look!
Original 18h
TD Markets Exposed: Price Manipulation, Withdrawal Issues & False Promises Hurt Traders
Is your winning trade converted into a loss upon closing it at TD Markets due to heavy price manipulation? Is withdrawing funds too much of a hassle at this South Africa-based forex broker? Does even the customer support fail to respond to your withdrawal requests? Have you been defrauded on the promise of zero commission upon withdrawal? Have you failed to close the trade due to the systemic issue at TD Markets? You are not alone! Many traders have commented while sharing the negative TD Markets review. We have shared some of them in this article. Take a look!
Original 19h
Uniglobe Markets Review 2025: A Safe Broker or a High-Risk Scam?
When looking at a broker, the most important question is always about safety: "Is Uniglobe Markets Safe Or Scam?" After carefully studying how it operates and its regulatory status, the answer is clear. Uniglobe Markets works without any proper financial regulation from a trusted authority. This fact alone is the biggest warning sign for any potential investor. This lack of oversight gets worse when you add the multiple official warnings from financial regulators across Europe and a pattern of serious problems reported by users, especially with withdrawals. This review will give you a detailed, fact-based look at these important points, breaking down what the broker offers and the risks involved to help you make a smart decision.
Original 20h
WikiFX Broker
Latest News
Stonefort Broker Review 2025: Legit or Risky? A Complete Analysis
WikiFXQuantower Review 2025: User Reviews and Complaints in India
WikiFXUniglobe Markets Review 2025: A Safe Broker or a High-Risk Scam?
WikiFXCHINA BEST Broker Review: Regulation and Risks
WikiFXTD Markets Exposed: Price Manipulation, Withdrawal Issues & False Promises Hurt Traders
WikiFXBank of England holds rates steady in narrow vote ahead of Autumn Budget
WikiFXBingX Review: Traders Angry Over Withdrawal Denials, Account Blocks & More
WikiFXOp-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.
WikiFXPrivate payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says
WikiFXHe Thought It Was a Crypto Investment; It Cost Him RM1.2 Million
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate