FTAF(Financial Action Task Force) denied requiring countries to ban virtual assets and services despite Pakistan’s Finance Minister’s claims. Minister Aisha Pasha says legalizing cryptocurrency risks the country being ‘Grey listed’ by FTAF and said no to legalizing cryptos in Pakistan. FTAF Grey lists the country due to huge crime and violence, FTAF mandates VAP( a Software Company) to comply with financial institution prevention measures such as diligence, record keeping, and reporting. Crypto providers follow travel rules and share high-value transactions.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://coinpedia.org/crypto-live-news/no-crypto-ban-required-for-pakistan-to-stay-off-ftafs-grey-list/
- 1
- a
- Action
- and
- AS
- Assets
- Ban
- being
- by
- claims
- Coinpedia
- company
- countries
- country
- Crime
- crypto
- crypto ban
- Crypto regulation
- cryptocurrency
- cryptos
- Despite
- diligence
- due
- finance
- financial
- financial action task force
- financial institution
- follow
- For
- Force
- HTTPS
- huge
- in
- Institution
- keeping
- List
- Lists
- mandates
- max-width
- measures
- no
- off
- Pakistan
- plato
- Plato Data Intelligence
- PlatoData
- Prevention
- providers
- record
- Regulation
- Reporting
- required
- risks
- rules
- Said
- says
- Services
- Share
- Software
- stay
- such
- Task
- task force
- The
- to
- Transactions
- travel
- true
- Violence
- Virtual
- virtual assets
- with
- zephyrnet