Pakistan Disallows Banks from Cryptocurrencies and ICO Transactions

[Goodcat49]

Using its Twitter, State Bank of Pakistan (SBP) issued a serious caution regarding the risks of using virtual currencies in the economy to transact business and provide services where it advised the general public that both domestic and international payments and money transfer services are monitored, controlled and regulated by SBP under the applicable laws and failure to adhere will put an individual that tries to carry out any transaction outside Pakistan at risk of prosecution as per the applicable laws.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/pakistan-disallows-banks-from-cryptocurrencies/