Post
Topic
Board Legal
Pakistan Central Bank Bans Banks from Cryptocurrency, ICO Transactions
by
Goozzi
on 09/04/2018, 08:48:32 UTC
Pakistan’s central bank has told banks and other financial services providers not to support virtual currency transactions. The State Bank of Pakistan (SBP) advised the general public in a statement on its website and in a tweet that it regulates both domestic and international payment and money transfer services.

Pakistan’s announcement on Friday follows one by India’s central bank from having any links to virtual currency dealers, which immediately slashed cryptocurrency prices on local exchanges.

Source: https://www.ccn.com/pakistan-central-bank-bans-banks-from-cryptocurrency-ico-transactions/