ISLAMABAD: The Islamabad High Court (IHC) restrained the Federal Investigation Agency (FIA) from taking action against people involved in the cryptocurrency business and sought comments from respondents, including the State Bank of Pakistan (SBP).
Justice Sardar Ijaz Ishaq Khan heard the case against SBP's circular to stop cryptocurrency business. The petitioner also named the federation, Pakistan Telecommunication Authority (PTA), Security and Exchange Commission of Pakistan (SECP) and FIA in the case.
The petitioner's lawyer Chaudhry Ali Abbas took the stand that the SBP had banned the cryptocurrency business affecting common people. He asked the court to declare the circular issued by the SBP in this regard illegal. The court notified the defendants and adjourned the case.
