Pakistans 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.
Pakistans announcement on Friday follows one by Indias 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/All the bans being dished out here and there, I wonder if its really affecting anything because the bans is just coming out, price takes the hit at one point, then rebounds in a matter of time which makes room for another round of ban but this time followed by the use of force. Little did they know that the more they out of this bans, the more they create another market to grow under the radar. Rather than having to send money to exchange sites bank account, like minded individuals would just create market place on various media such as WhatsApp, telegram, forums, groups and would transfer to fund to each other instead without raising any concern to the authority.