P2P crypto scam situation in Pakistan:
Statement on Rising P2P Crypto Scams and Bank Account Freezes in Pakistan
We are deeply concerned about the increasing number of reports from Pakistani crypto traders whose bank accounts are being frozen after engaging in peer-to-peer (P2P) transactions via platforms like Binance. Even verified and legitimate users are facing account suspensions without prior warning, resulting in frozen funds and restricted access to their own money.
This situation has arisen due to local banks flagging P2P crypto payments as "suspicious" ā particularly in cases involving high volumes or transactions from unknown senders. The lack of clear policy direction from the State Bank of Pakistan (SBP) has left financial institutions to act on their own discretion, often erring on the side of caution and penalizing innocent users.
We strongly advise all P2P crypto users in Pakistan to:
Use only verified Binance accounts for transactions.
Avoid receiving large payments from random or unverified users.
Maintain detailed proof of all transactions, including screenshots, chat logs, and identity verifications.
Until clear regulatory guidelines are introduced, crypto traders must proceed with extreme caution to avoid falling victim to account freezes or potential scams.#Notcoin #BTCUnbound #BitcoinTreasuryWatch #BinanceHODLerTOWNS $BTC $ETH
