FIA Forms Unit to Combat Crypto Money Laundering, Terror Financing

FIA Forms Unit to Combat Crypto Money Laundering, Terror Financing

The Federal Investigation Agency (FIA) has announced the formation of a specialized unit aimed at curbing illicit financial activities conducted through virtual currencies. This new unit will focus on preventing money laundering and terror financing, signaling a heightened regulatory approach to digital assets in Pakistan. The move underscores the government's efforts to bring transparency and control over the rapidly evolving cryptocurrency landscape. This increased scrutiny on virtual currency transactions could potentially impact local crypto market liquidity and may indirectly influence informal currency exchange channels, affecting USD/PKR dynamics.

بحوالہ / Source: www.dawn.com