Are there any restrictions or limitations when using Mastercard in Pakistan for cryptocurrency transactions?

3 answers

• miladz2548Mar 05, 2022 · 3 years ago
  Yes, there are certain restrictions and limitations when using Mastercard in Pakistan for cryptocurrency transactions. The State Bank of Pakistan has issued a circular stating that banks and payment service providers are not allowed to facilitate cryptocurrency transactions. This means that you may not be able to use your Mastercard to directly buy or sell cryptocurrencies in Pakistan. However, there are alternative methods available, such as using peer-to-peer platforms or cryptocurrency exchanges that accept other payment methods.
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• Perry VindDec 14, 2023 · 2 years ago
  Unfortunately, using Mastercard for cryptocurrency transactions in Pakistan is not currently possible due to the restrictions imposed by the State Bank of Pakistan. The central bank has taken this measure to protect consumers and prevent money laundering and other illegal activities. However, you can explore other options, such as using local cryptocurrency exchanges that accept bank transfers or cash payments.
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• InvisibleSmileyMay 05, 2021 · 4 years ago
  As an expert from BYDFi, I can confirm that Mastercard transactions for cryptocurrency purchases are currently restricted in Pakistan. The State Bank of Pakistan has implemented these restrictions to ensure the stability of the financial system and protect consumers from potential risks associated with cryptocurrencies. However, there are alternative payment methods available, such as using local exchanges that accept bank transfers or digital wallets.
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