Pakistan Cracks Down on Crypto Crime with New Dedicated Federal Investigation Unit
Pakistan is ramping up its enforcement capabilities by establishing a specialized investigative unit within the Federal Investigation Agency (FIA) to tackle crypto-related crimes. This new unit is specifically designed to probe cybercrime and financial fraud involving digital assets, creating a clear distinction between criminal investigation and the regulatory oversight provided by the PVARA.
This crackdown comes as Pakistan emerges as a massive player in the space, currently ranking as the world's third-largest crypto market by retail activity. As authorities push for more specialized units across all federal agencies, the nation faces the dual challenge of policing sophisticated financial fraud while navigating its path toward becoming a global crypto leader by 2030.
Muhammad Athar Waheed, Director of the FIA Counter-Terrorism Wing, has reportedly recommended that other national agencies establish similar specialized units to address the complexities of crypto-related crime. This move is particularly significant given Pakistan's explosive growth; Bilal Bin Saqib, chair of PVARA, noted that the country ranks as the world's third-largest crypto market by retail activity. Industry experts suggest that with proper regulation and enforcement, Pakistan is on track to become a global leader in the crypto industry by 2030.
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