Have you ever heard about a crypto currency? The crypto currency business is extremely popular in the world but Pakistan has not a huge market.

If you are doing any trading related to this crypto currency then you need to aware yourself. This currency trading is illegal in Pakistan and FIA started crackdown against crypto currency.

FIA started crackdown against crypto currency:

• Federal investigation agency was launched just after the news from the state bank of Pakistan. The SBP announced the crackdown against the trading of One Coin and Bit coin.
• The FIA started crackdown against crypto currency from Lahore. Later this crackdown will expand to all the regions of Pakistan.
• Earlier this year SECP has already warned the people about the scams of this digital currency. FBR also took action against the criminals that are using bit coin and other digital currencies to whiten their black money. The State Bank of Pakistan doesn’t recognize any digital currency and made a ban on this kind of activities.

World of crypto currency is at an extreme:

• The world of crypto currency is huge enough and the trading of digital money is at an extreme level. But many regional areas have already banned the usage of this kind of money including Arab states, Bangladesh, and few other countries.
• One coin scheme is also a form of digital money and it was known as Ponzi scheme worldwide. The promoters of One Coin were recently fined 2.6 million euros in Italy while Germany also banned the One Coin completely.

The fact is that criminals are using this methodology for making their black money into white one. It is so-called a tool of money laundering, tax evasion, and other criminal activities.