Pakistan’s Crime Agency to Ask Telecom Authority to Block Crypto Websites: Report

Pakistan’s Crime Agency to Ask Telecom Authority to Block Crypto Websites: Report
Pakistan’s Federal Investigation Agency (FIA), which investigates serious and organized crime, said it will ask Pakistan Telecommunication Authority (PTA) to block websites dealing in cryptocurrencies, according to a report by Dawn.The proposal is intended to counter fraud and possible money laundering by blocking crypto-linked websites, FIA Director-General Sanaullah Abbasi said at a press conference Saturday after meeting with officials of the State Bank of Pakistan (SBP).SBP has already submitted recommendations for regulating cryptocurrencies, Abbasi said.“Crypto has given a new dimension to the fraud,” said Abbasi, adding that his agency will approach legal experts to deal with fraud and other issues…