Crypto▼ Bearish
Pakistan launches crypto crime unit, urges wider enforcement
Pakistan's FIA sets up crypto crime unit targeting digital asset fraud, as PVARA licenses Binance and HTX. Director urges other agencies to follow as Pakistan ranks 3rd globally in retail crypto activity.
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Pakistan's Federal Investigation Agency (FIA) set up a dedicated unit to investigate crypto-linked cybercrime and financial fraud, according to a report by Dawn on Tuesday.
FIA Counter-Terrorism Wing Director Muhammad Athar Waheed recommended other agencies establish similar units to address crypto-related crime. The crypto investigation unit will probe digital asset use in crimes, while Pakistan's Virtual Assets Regulatory Authority (PVARA) remains responsible for digital asset regulation.