The Battle Over Cryptocurrencies: Pakistan’s Ban and Growing Popularity
Pakistan recently announced a ban on cryptocurrencies, citing concerns about illicit financial activity. However, the ban has not deterred individuals and businesses from adopting cryptocurrencies as a hedge against economic uncertainty.
Pakistan’s government ban on cryptocurrencies is in line with FATF regulations, which require countries to take steps to combat money laundering and terrorist financing. However, the government of Pakistan has also expressed concerns about the potential for cryptocurrencies to be used for illicit activity.
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