🇵🇰 Why Are Bank Accounts in Pakistan Being Blocked Over Binance P2P?
If you're using Binance P2P in Pakistan and suddenly had your bank account frozen — you're not alone.
Here’s what’s really going on 👇
🚨 What’s Happening?
1️⃣ You buy/sell crypto on Binance P2P
2️⃣ You send/receive PKR via bank transfer
3️⃣ Bank flags the transaction as “suspicious”
4️⃣ 🚫 Account blocked for “fraud or irregular activity”
💡 Why Are Banks Doing This?
Crypto isn’t banned in Pakistan, but it’s not regulated either.
The State Bank of Pakistan (SBP) has issued circulars asking banks to monitor and report crypto-related activity.
⚠️ That means your account could be flagged for:
Receiving funds from multiple unknown sources
High transaction volume with no business reason
Buyer disputes or fraud claims
⚖️ Is Binance P2P Illegal in Pakistan?
Not illegal — but it lives in a regulatory grey area.
Banks play it safe and often block accounts preemptively.
❗Common outcomes:
Accounts frozen for 30–90 days
Funds held without notice
Investigations with no fixed timeline
🛡️ How to Stay Safe While Using P2P
✅ Trade only with verified Binance users
✅ Always complete KYC before accepting payments
✅ Keep screenshots and transaction proof
✅ Avoid using your main bank account
✅ Consider opening a separate account for trading
📣 Final Thoughts
Binance P2P empowers financial freedom — but in unregulated markets like Pakistan, caution is key.
🚨 If your account gets blocked:
📩 Contact your bank ASAP
📎 Submit all documentation
🔁 Follow up professionally
Stay smart, trade safe 💪
#BinanceP2P #CryptoPakistan #P2PSafety #BankingTips #DYOR #BinanceSquare
