Another bad news to the crypto world and this time "Pakistan" has banned crypto currencies in the country.
The country's central bank "State Bank of Pakistan (SBP)" has made the announcement in their official website has cautioned the general public against engaging in any forms of virtual currencies for example: Bitcoin, Litecoin, Pakcoin, OneCoin etc. and any individuals caught will be prosecuted as per applicable laws.
Here is the official circular on their website:
State Bank of Pakistan (SBP) believes that due to high price volatility, hacking / security issues, Frauds like ponzi schemes can cause significant losses to the public.