๐จ Pakistani Banks Freezing Accounts Over Binance P2P Trades! ๐ฑ
Pakistani banks are freezing accounts linked to Binance P2P crypto trades, even for verified and legal transactions. This is because cryptocurrency is not fully regulated in Pakistan, and banks are cautious due to official warnings .
Why Are Accounts Getting Frozen? ๐ค
- Suspicious Activity: Banks flag P2P transactions as suspicious due to high volumes or unknown senders.
- Regulatory Uncertainty: No clear policy from the State Bank of Pakistan (SBP) leads banks to act on fear.
- Non-Compliance with AML/KYC: Failure to complete necessary verification processes or non-compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.
How to Protect Yourself ๐ก๏ธ
- Use Verified Binance Account: Only use verified Binance accounts to reduce the risk of account freezes.
- Avoid Large Payments: Avoid large payments from random users to minimize suspicion.
- Keep Proof: Keep screenshots, chats, and IDs as proof of trades.
- Separate Account for High-Volume Trades: Use a separate account for high-volume trades to limit exposure.
- Monitor Bank Account Activity: Keep an eye on your account for unusual activity.
What to Do If Your Account Freezes ๐
- Contact Your Bank: Reach out to your bank and provide trade proof to resolve the issue.
- Submit Required Documents: Submit your CNIC and other required documents to clarify the situation.
- Stay Calm and Follow Up: Stay calm and follow up with your bank to ensure a smooth resolution .#Pakistan #pakistanicrypto #P2PTrading #CryptoUpdates #CryptoNews๐๐ฐ๐ซ $XRP $BNB $SAGA
