Why Bank Accounts Are Being Blocked in Pakistan Due to Binance P2P Trading

🔹 What’s Happening?

Pakistani bank accounts are being frozen or blocked after P2P crypto$POL transactions on Binance. Banks flag these transfers as "suspicious" due to regulatory uncertainty. $BNB

🔹 Why Are Banks Blocking Accounts?

- Cryptocurrency is not officially regulated in Pakistan.

- The State Bank of Pakistan (SBP)$SOL

discourages crypto transactions, leading banks to monitor and freeze accounts involved in P2P trading.

- Common triggers:

- Receiving money from unknown sources

- High transaction volumes without a clear business purpose

- Fraud claims or chargebacks

🔹 Is P2P Trading Illegal?

- Not outright illegal, but in a grey area.

- Risks include:

- Account freezes

- Funds held for 30–90 days

- Lengthy investigations

#🔹 How to Protect Yourself

✅ Use verified Binance accounts & complete KYC checks on buyers/sellers.

✅ Avoid large/frequent transactions from unknown parties.

✅ Keep trade proofs & screenshots.

✅ Consider a separate business account for high-volume trading.

🔹 If Your Account Is Blocked

📌 Contact your bank immediately.

📌 Submit trade proofs & ID documents.

📌 Follow up professionally. #notcoin #BuiltonSolayer #BinanceHODLerPROVE

Final Note: P2P trading offers financial freedom but carries risks in Pakistan due to regulatory uncertainty. Stay cautious and document all transactions.