Pakistan

Welcome back to the Coin Idol TV News channel. Digest on April 13 features the following topics from the world of Blockchain and cryptocurrency: creators abandon YouTube and Facebook for blockchain-based platforms, Pakistan disallows banks from crypto currencies and ICO transactions.

The State Bank of Pakistan on Friday advised the public that virtual currencies such as PayDiamond, DasCoin, Bitcoin, Litecoin contribute to high levels of illegal activities such as supporting terrorist groups,  theft, scams and fraud due to lack of regulations. Thus completely banning all the banking and other financial service providers from supporting and using virtual currency transactions and this came immediately after India's Central Bank slashing cryptocurrency prices on local exchanges throughout the whole country.