FIA springs into action against cryptocurrencies, one held
According to TechJuice, FIA has rounded up a suspect involved in the illegal business and started the investigation to trace the others. The police also recovered a mobile phone and laptop from the possession of the accused.
The State Bank of Pakistan (SBP) has reportedly stated that both the digital currencies do not come under the tax net, therefore, should be considered “illegal”.
Cryptocurrency has always been in hot waters as it could be used for money laundering, tax evasion, and various other criminal activities.
Another reason for FIA’s current action, as the original news infers, could be the cryptocurrencies’ involvement in the notorious Dark Web. Also known as the deep web, it is the center of the world’s darkest illegal activities involving pedophiles, murderers and terrorists.
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