Crypto Ban In Pakistan. Are they lagging behind? In 2018, The State Bank of Pakistan stated that virtual currencies like bitcoin, pay diamond, OneCoin to name a few are not **legal tender, issued or guaranteed by State Bank of Pakistan.** Reason? A senior tax official said that people evade taxes and launder money using crypto-currencies. Bitcoin is sometimes used as a tool for money laundering due to the decentralization of peer-to-peer online transactions and their…