Pakistan to Ban Online Services Related to Cryptocurrencies

Pakistan’s government announced its decision to suspend cryptocurrency services offered online in the country, according to Bitcoin.com. One of the declared goals of the measure is to prevent illegal transactions with digital assets.

The State Bank of Pakistan (SBP) and the Ministry of Information Technology have already started working on banning cryptocurrencies, Minister of State for Finance Aisha Ghaus Pasha revealed during a meeting of the Senate Standing Committee on Finance and Revenue. Cryptocurrency will “never be legalized in Pakistan,” Pasha insisted.