The Pakistani government has recently taken a strict stance against the use of cryptocurrencies, with State Minister Aisha Ghaus Pasha announcing that they will never be legalized in the country. This crackdown is in response to the Financial Action Task Force's (FATF) concerns about weak measures to combat money laundering and terrorist financing. Pakistani banks have also started warning their clients against using crypto, although many citizens still see it as a way to hedge against the declining Pakistani rupee. The move has been met with dissatisfaction from the Pakistani crypto community, who feel that it is exacerbating the country's already acute economic and political crisis.
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