Pakistani Bank Asks Customers to Avoid Conducting Crypto Transactions – Regulation Bitcoin News

Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central bank, submitted a report to the Sindh High Court recommending a complete ban on cryptocurrency.Pakistani Bank Alfalah has reportedly started sending SMS alerts to its customers, asking them to avoid carrying out cryptocurrency transactions using its banking channels.

Incorporated in 1992, Bank Alfalah is one of the largest private banks in Pakistan with a network of more than 800 ATMs and branches in more than 200 cities across the country. Owned and operated by the Abu Dhabi Group, the bank has an international presence in Bangladesh, Afghanistan, Bahrain, and UAE.Dear Customer, Virtual currencies/coins/tokens, etc.

Reports of Bank Alfalah sending messages to customers about cryptocurrency transactions came less than a day after the State Bank of Pakistan submitted a crypto report to the Sindh High Court . The central bank recommends that cryptocurrencies be. The SHC subsequently directed the law and finance ministries to review the SBP report and decide on the legal structure of crypto.

The Pakistan Federal Investigation Agency recently issued a notice to Binance in connection with a massive scam that allegedly stole over $100 million from Pakistani investors. The federal watchdog also recently seized bank accounts of 1,064 people who had carried out transactions on crypto exchanges, including Binance, Coinbase, and Coinmama.

In addition, Propakistani reported last week that multiple banks have blocked their customers’ credit card transactions suspected of involving cryptocurrency. Some banks also froze the accounts of customers who had been using the Binance P2P marketplace to buy and sell cryptocurrencies.

That is their business, non of our concern, with or without them Crypto must be traded, Crypto has come to stay the journey in the space is perfect without them, we move

This is not good news.

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Well, that is a stupid idea lol.

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Lol, people don't need banks to transfer crypto.

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That's why banks are in the past already. Future belongs to crypto platforms like bfx.

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