Pakistan is set to ban all of Crypto because of “money laundering and terrorism financing“. Do they know about the money laundering with Cash?

Another day and another country is ready to go all up against Crypto and that because of all the wrong or senseless reasons. Now it is the turn of the already in a political and economical turmoil country, Pakistan. With the very bad economic conditions there and obviously people would know start to shift towards alternatives, Pakistan will do everything to hinder that now.

The statement of the Pakistan Minister of Finance is also very interesting and is calling for a direct and immediate ban on Crypto services, this comes after Pakistan was freed from the Financial Action Task Force as they addressed all their problems. Now they don‘t want to get into more “troubles“.

Quote of Pakistan Finance Minister

Here we can see how the Finance Minister cited that due to the potential “financial terrorism“ and of course money laundering, those are pretty much the standard arguments against Crypto since the first days. But it seems like the finance ministry in Pakistan does not know that especially fiat money is used for all of money laundering ad terrorism, maybe they should ban that first before going to Crypto.

And even here we can encrypt the actual reason for their ban, the IMF. An organisation meant to help all countries has been doing nothing else than threatening those countries to do everything they want to get their loan. This is the same case here and Crypto is just a part of their corrupt requirements.

It‘s all about politics here, they are trying to protect their own power and Crypto will be a big step to take their power and give it to us people as we can self-custody our own money.