The post No Cryptocurrency Ban Required for Pakistan to Stay Off FTAF’s Grey List appeared 1st on Coinpedia Fintech News
FTAF(Financial Action Task Force) rejected requiring countries to ban virtual assets and services regardless of Pakistan’s Finance Minister’s states. Minister Aisha Pasha reveals legalizing digital currency dangers the country being ‘Grey listed’ by FTAF and stated no to legalizing cryptocurrencies in Pakistan. FTAF Grey lists the country owing to huge felony and violence, FTAF mandates VAP( a Software Company) to comply with financial institution prevention measures such as diligence, record keeping, and reporting. Cryptocurrency providers follow travel regulations and share high-value transactions.