{"id":63168,"date":"2020-03-24T17:41:21","date_gmt":"2020-03-24T12:41:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63168"},"modified":"2020-03-24T17:57:06","modified_gmt":"2020-03-24T12:57:06","slug":"govt-to-introduce-virtual-currency-regulations","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html","title":{"rendered":"FATF: Govt to introduce virtual currency regulations"},"content":{"rendered":"\n<p>Islamabad: The federal government recently announced its decision to introduce regulations on virtual currency usage in the country \u2014 with the move aimed at meeting the requirements outlined by the Financial Action Task Force (FATF), a news source reported. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-enforce-fatf-recommended-measures.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR to implement anti-money laundering measures in line with FATF recommendations (opens in a new tab)\">FBR to implement anti-money laundering measures in line with FATF recommendations<\/a><\/p>\n\n\n\n<p>According to the details available, the government will be introducing\nthe new regulations to monitor and regulate digital currencies, and the State\nBank of Pakistan (SBP) has been directed to prepare the relevant bylaws for the\npurpose. The government has also issued standard operating procedures to the\ncentral bank in this regard. <\/p>\n\n\n\n<p>According to SBP sources, the preparation of the initial draft of the regulations has begun. After it has been prepared, it will be issued to the stakeholders for their recommendations and suggestions. Afterwards, it will be forwarded to the federal cabinet for its approval. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-plans-to-issue-digital-currency-by-2025.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP plans to issue digital currency by 2025 (opens in a new tab)\">SBP plans to issue digital currency by 2025<\/a><\/p>\n\n\n\n<p>The initiative is expected to help the country further curb\nmoney-laundering and terror financing. <\/p>\n\n\n\n<p>In addition to these regulations, the government is also\ngoing to introduce a number of amendments in other laws to meet FATF\nrequirements. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government recently announced its decision to introduce regulations on virtual currency usage in the country \u2014 with the move aimed at meeting the requirements outlined by the Financial Action Task Force (FATF), a news source reported. Read: FBR to implement anti-money laundering measures in line with FATF recommendations According to the details available, the government will be introducing the new regulations to monitor and regulate digital currencies, and the State Bank of Pakistan (SBP) has been directed to prepare the relevant bylaws for the purpose. The government has also issued standard operating procedures to the central bank in this regard. According to SBP sources, the preparation of the initial draft of the regulations has begun. After it has been prepared, it will be issued to the stakeholders for their recommendations and suggestions. Afterwards, it will be forwarded to the federal cabinet for its approval. Read: SBP plans to issue digital currency by 2025 The initiative is expected to help the country further curb money-laundering and terror financing. In addition to these regulations, the government is also going to introduce a number of amendments in other laws to meet FATF requirements.<\/p>\n","protected":false},"author":57,"featured_media":60548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[24066],"persona":[],"class_list":{"0":"post-63168","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-govt-to-introduce-virtual-currency-regulations","10":"cat-15016-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FATF: Govt to introduce virtual currency regulations - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government recently announced its decision to introduce regulations on virtual currency usage in the country \u2014 with the move aimed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FATF: Govt to introduce virtual currency regulations - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government recently announced its decision to introduce regulations on virtual currency usage in the country \u2014 with the move aimed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-24T12:41:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-24T12:57:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/goP-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FATF: Govt to introduce virtual currency regulations - Zameen News","description":"Islamabad: The federal government recently announced its decision to introduce regulations on virtual currency usage in the country \u2014 with the move aimed","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html","og_locale":"en_US","og_type":"article","og_title":"FATF: Govt to introduce virtual currency regulations - Zameen News","og_description":"Islamabad: The federal government recently announced its decision to introduce regulations on virtual currency usage in the country \u2014 with the move aimed","og_url":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-03-24T12:41:21+00:00","article_modified_time":"2020-03-24T12:57:06+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/goP-2.png","type":"image\/png"}],"author":"Muhammad Farhad","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Farhad","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html"},"author":{"name":"Muhammad Farhad","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9"},"headline":"FATF: Govt to introduce virtual currency regulations","datePublished":"2020-03-24T12:41:21+00:00","dateModified":"2020-03-24T12:57:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html"},"wordCount":198,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/goP-2.png","keywords":["Govt to introduce virtual currency regulations"],"articleSection":["New Developments","Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html","url":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html","name":"FATF: Govt to introduce virtual currency regulations - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/goP-2.png","datePublished":"2020-03-24T12:41:21+00:00","dateModified":"2020-03-24T12:57:06+00:00","description":"Islamabad: The federal government recently announced its decision to introduce regulations on virtual currency usage in the country \u2014 with the move aimed","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/goP-2.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/goP-2.png","width":1170,"height":400,"caption":"The Government of Pakistan"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/govt-to-introduce-virtual-currency-regulations.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FATF: Govt to introduce virtual currency regulations"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9","name":"Muhammad Farhad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","caption":"Muhammad Farhad"},"description":"Muhammad Farhad is a Content Developer at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/farhad-hassan"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=63168"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63168\/revisions"}],"predecessor-version":[{"id":63170,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63168\/revisions\/63170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/60548"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=63168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=63168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=63168"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=63168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}