{"id":1266,"date":"2022-01-20T07:17:14","date_gmt":"2022-01-20T07:17:14","guid":{"rendered":"http:\/\/www.cryptoheretostay.com\/?p=1266"},"modified":"2022-01-20T07:17:15","modified_gmt":"2022-01-20T07:17:15","slug":"pakistan-telecom-authority-asked-to-block-over-1600-crypto-sites-minister-says-government-intends-to-regularize-crypto","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=1266","title":{"rendered":"Pakistan Telecom Authority Asked to Block Over 1,600 Crypto Sites \u2014 Minister Says Government Intends to &#8216;Regularize&#8217; Crypto"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>The Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country\u2019s science minister said that the government intends to \u201cregularize\u201d crypto in the country.<br \/><\/strong><\/p>\n<h2>Pakistan\u2019s FIA Taking Action Against Crypto Websites, Backing Central Bank\u2019s Crypto Ban Recommendation<\/h2>\n<p>Pakistan\u2019s Federal Investigation Agency (FIA) has written to the Pakistan Telecommunication Authority (PTA) requesting the telecom regulator to block access to more than 1,600 crypto trading websites, Samaa TV reported Tuesday, citing FIA Director Babur Bakht Qureshi.<\/p>\n<p>The director first revealed his intention to approach the Telecommunication Authority about blocking some crypto websites last week. He claims that cryptocurrency is being used for money laundering.<\/p>\n<p>In addition, \u201cQureshi revealed that a list of individuals involved in the trade of cryptocurrency is being prepared,\u201d the publication conveyed. He added that \u201cThese people will be arrested\u201d when cryptocurrency is banned in Pakistan.<\/p>\n<p>Furthermore, Qureshi said that action will be taken against individuals who promote cryptocurrencies in Pakistan. \u201cThese people are on the agency\u2019s radar and soon an action will be taken against them,\u201d the director was quoted as saying.<\/p>\n<p>A growing number of countries are cracking down on crypto advertisements, including the U.K., Singapore, and India.<\/p>\n<h2>Pakistan Is Still Evaluating What to Do With Crypto<\/h2>\n<p>The government of Pakistan is currently evaluating whether to ban or regulate cryptocurrency.<\/p>\n<p>Pakistan\u2019s minister for science and technology, Shibli Faraz, said Monday at the country\u2019s first blockchain summit hosted in collaboration with his ministry that the government intends to \u201cregularize\u201d cryptocurrency in the country. He elaborated that the finance ministry, the State Bank of Pakistan, and the Securities and Exchange Commission of Pakistan are already working on a plan.<\/p>\n<p>However, the State Bank of Pakistan (SBP) has already made its decision to entirely ban cryptocurrencies. Last week, the central bank submitted a report to the Sindh High Court recommending a complete ban on crypto.<\/p>\n<p>The Sindh High Court subsequently directed the law and finance ministries to evaluate the SBP\u2019s recommendations and decide whether to ban crypto or allow some related activities in the country. The court asked the two ministries to submit their joint report in April.<\/p>\n<p><em><strong>Do you think Pakistan\u2019s Telecom Authority will block 1,600 crypto websites as requested by the FIA? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Kevin Helms <\/p>\n<p class=\"article__body__author__info__about\">\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.<\/p>\n<p><i class=\"td-icon-font td-icon-mail-1\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p class=\"icymi_title\">NYCB and Group of Banks Join to Launch USDF Stablecoin<\/p>\n<p class=\"icymi_excerpt\">A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue USDF. The proposed stablecoin will be the first currency &#8230; read more.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/pakistan-telecom-authority-asked-to-block-1600-crypto-sites-minister-says-government-intends-to-regularize-crypto\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country\u2019s science minister said that the government intends to \u201cregularize\u201d crypto in the country. Pakistan\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-1266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1266"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1266\/revisions"}],"predecessor-version":[{"id":1268,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1266\/revisions\/1268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1267"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}