Pakistan freezes over 1,064 bank accounts and cards of crypto traders

Pakistani authorities have seized 1,064 bank accounts and cards of cryptocurrency traders who have allegedly been transacting deals worth $288,000 through digital asset exchanges, according to the Pakistan Observer.

Pakistan’s Federal Investigation Agency (FIA) froze the bank accounts and credit cards used to buy and sell digital coins on request from the Cyber Crime Reporting Center in Islamabad.

Among the crypto exchanges where the transactions were made are well-known platforms such as Binance, Coinbase, and Coinmama.

The FIA reminded residents that the State Bank of Pakistan prohibits the purchase and sale of cryptocurrencies.