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Monday, May 6, 2024

PTA refuses to block cryptocurrency websites

Pakistan Telecommunication Authority (PTA) has refused Federal Investigation Agency (FIA) request to block websites dealing in cryptocurrency in Pakistan.

Reacting to the FIA request, PTA, in a statement issued on Monday, said the authority could not block thousands of websites involved in trading of cryptocurrency on account of the State Bank of Pakistan (SBP) circular.


“PTA will not block websites until the formation of mechanism on cryptocurrency in Pakistan,” it added.

PTA has also started consultations with relevant authorities to decide the fate of digital currency.

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