Submit News
Dialogue Pakistan
No Result
View All Result
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu
No Result
View All Result
Dialogue Pakistan
No Result
View All Result

Two cryptocurrency traders arrested in Shangla

Web Desk by Web Desk
January 24, 2020
in News
0
Two cryptocurrency traders arrested in Shangla
11
SHARES
102
VIEWS
Share on FacebookShare on Twitter

Two members of what they are calling the country’s biggest cryptocurrency firm have been arrested by the authorities in Khyber Pakhtunkhwa’s Shangla.

According to the security forces, they arrested two men for making and selling cryptocurrency. The mining firm, where the crypto-currency was made also traded Bitcoins and took commission.

As per details, the arrested members hail from Lahore and Okara, cities of Punjab.

The Shangla DPO told that the firm used to sell cryptocurrency through websites and was being controlled from Okara. They earn in dollars as well as take commission.

Disclosing more information, the DPO said that State Bank of Pakistan has already banned the purchase and trade of cryptocurrency. He said the firm had 65 servers and each server had 12 different channels. Talking about the electricity bill, the DPO said, the firm’s monthly bill was Rs 20,000.

Muhammad Rizwan, the FIA’s assistant director of cyber crime said that one of the two members had also been arrested in December 2018 with eight Bitcoin machines from Lahore.

He explained that the Bitcoins which were confiscated worth Rs 2 million and were means of money laundering. He was granted bail in February 2019.

It is pertinent to mention that the use and trade of cryptocurrency is banned and illegal in Pakistan.

Tags: BitcoinCryptocurrencymoney laundering
Previous Post

Govt will provide cheap electricity to consumers, Senate told

Next Post

Balochistan bans consumption and sale of gutka

Next Post
Balochistan bans consumption and sale of gutka

Balochistan bans consumption and sale of gutka

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

disease

Three more coronavirus cases confirmed in KP, tally reaches 19 in province

10 months ago
nephew

Shahrukh Khan’s Peshawar-based nephew says King Khan does overacting

4 months ago

Popular News

  • FIA team raids, interrogates at software house for 10 hours in Karachi

    FIA team raids, interrogates at software house for 10 hours in Karachi

    183 shares
    Share 73 Tweet 46
  • Javed Afridi announces plan for running Peshawar-Karachi bullet train

    57 shares
    Share 23 Tweet 14
  • Hareem Shah slaps Abdul Qavi over “indecent talks”

    26 shares
    Share 10 Tweet 7
  • Sandal Khattak, Hareem Shah identity revealed

    1424 shares
    Share 598 Tweet 344
  • American climber goes missing

    22 shares
    Share 9 Tweet 6

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country's first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Category

  • Audio
  • Citizen Journalism
  • Documentaries
  • Feature Videos
  • Features
  • In House Videos
  • IN PICTURES
  • Lifestyle
  • Mobile Footage
  • New Catagory
  • News
  • News Roundup
  • Pakistan Super League
  • Photo Journalism
  • Press Conferences
  • Special Feature
  • Sports
  • Videos

Quick Links

  • About
  • Advertise
  • Careers
  • Contact

Follow us on

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2020. Dialogue Pakistan. All Rights Reserved.
Web Development & Social Media Management by Digital Otters

No Result
View All Result
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu

Copyright © 2020. Dialogue Pakistan. All Rights Reserved.
Web Development & Social Media Management by Digital Otters