fbpx
Trending Now

FIA has declared cryptocurrency dealing ILLEGAL in Pakistan

Declaring cryptocurrencies illegal across the country, Federal Investigation Agency (FIA) has launched operations against the people dealing in them; whether in Bitcoin or Onecoin.

FIA has rounded up a suspect found in the illegal business and started the investigation to trace more involved in the internet dealing. The police also recovered a mobile phone and laptop from the possession of the accused.

Moreover, State Bank of Pakistan (SBP) has has also stated that both digital currencies do not come under the tax net, and therefore considers the investment illegal as well.

It’s not the first time that FIA has taken such serious and sudden action against Bitcoin and OneCoin. The agency took similar steps back in August 2017, however, no one was detained at that time.

Cryptocurrency has always been in hot waters as it could be used for money laundering, tax evasion, and various other criminal activities.

Another reason for FIA’s current action, as the original news infers, could be the cryptocurrencies’ involvement in the notorious Dark Web. Also known as the deep web, it is the center of the world’s darkest illegal activities involving pedophiles, murderers and terrorists.

Related Articles

Here’s how Ufone is changing lives of Pakistanis nationwide

Isra Shams

Here’s a view at the world’s largest Samsung mobile experience store

Isra Shams

Aamir Liaquat leaves BOL, but not on a good note!

Isra Shams