SECP Warns Against Investments in Bitcoin & Other Cryptocurrencies in Pakistan

Although cryptocurrency market is not huge in Pakistan, it is still susceptible to theft which is why SECP has advised people to be wary of scams.

Securities and Exchange Commission of Pakistan (SECP) have revealed that various people and companies are offering investment in cryptocurrencies such as Bitcoin, Swisscoin, OneCoin and other virtual and digital currencies.

However, none of these people, companies and entities are recognized or authorized by SECP or any other regulatory agencies in Pakistan to receive deposits from the public or to provide any investment or other financial services in or from Pakistan.

Moreover, SECP also mentioned that any investment opportunities promoted by unregistered organizations are risky and can be a fraudulent pyramid scheme.

SECP stated, “There is no protection available to investors in these virtual currencies from financial losses if the virtual currencies fail or the companies promoting them go out of business.”

Sports Analyst & Head of Sports Desk.


  • What a misleading heading. First of onecoin is not a crypto currency. Secondly its against investment schemes.

    • lol maray bhai agr Onecoin crypto currency nhi to or kya hy? Abhi wo market me open nhi hui but they are mining their targeted amount of coins or log he uski mining me invest kr rhy hain. U need some research bro

      • Scam h one coin lol MLM scam not an opensouce software no blockchain, why can’t you mine onecoin yourself ?? i can mine any crypto currency then why not onecoin lol.

        • Its useless to argue with them. But its important to inform about this. As onecoin is one such scheme as mentioned in this article. Bitcoin is not a scheme.

          • Yes agree, Jase PLMN supports hona aik kafiayat ha, es trha Onecoin k user pr b ye aik kafiayat tari ha

      • Actually you need to do some research, OneCoin is not a cryptocurrency, its a Fraudulent investment and Ponzi scheme. Sirf logon ko ullu bnaya ha unhun ne.

      • One coin i MLM Scheme not Crypto currency its big scam many cointiries red flag them and in india Police arresting promoters of one coin go on google and search stories about one coin in other countries , also go on youtube and search for one coin they mad fake video like bill gates speaking about about one coins i saw that video in that video bill gate did not speaked any thing about one coin he said Bitcoin is unstopable all he speaked was about bitcoin

      • One coin is MLM Scam not Crypto currency its big scam many countries red flag them and in India Police arresting promoters of one coin go on google and search stories about one coin in other countries , also go on youtube and search for one coin they mad fake video like bill gates speaking about about one coins i saw that video in that video bill gate did not speaked any thing about one coin he said Bitcoin is unstopable all he speaked was about bitcoin

  • lol what a click bait heading, first of all Onecoin is not a currency its a ponzi scheme like that of double shah’s,
    but bitcoin and some other crypto currencies like Litecoin are real software comodities and they can’t fail and there is nothing to loose in them if you actually buying bitcoin and holding them under your own wallet. its almost same as buying gold and holding it. you can not loose anythig other than that its price can decrease for short term.

    • So SECP’s advisory is not against cryptocurrencies, but people here who scam people by telling them stories of fortunes that never realize.

      • Not our fault if SBP woke up just now when the value is around $1200- It couldve realized the potential fortunes which some made an year back when it was around $600-700

      • Not only you can get more clicks but also can help users who invest in OneCoin, Bitcoin is real.

    • Waisay b crypto currency tb hy jb wo open sourse ho.everyone can mine it. Bitcoin Onecoin Litecoin Monero Dash Ethrium all are the some example of E-currency

      • What’s your point of view about edinar coin???
        We should trade in cryptocrincies or not???

        What’s your point of view about edinar coin???
        We should trade in cryptocrincies or not???

        • We should trade in crypto currencies but Edinar and Onecoin these are MLM scams bro these are not crypto Currencies, Crypto Currency should have a blockchain, Should have opensource code, LiteCoin(LTC), bitcoin(BTC), ether(Ethereum), peercoin(PPC), namecoin(NMC) monero(XRP/Ripple), these are some of legit crypto currencies. onecoin and edinar is MLM(multi level marketing) scams, ponzi schemes.

      • Scam h one coin lol MLM scam not an opensouce software no blockchain, why can’t you mine onecoin yourself ?? i can mine any crypto currency then why not onecoin lol. don’t compare a scam like one coin with monero, ether, dash and other legitimate currencies.

    • What’s your point of view about edinar coin???
      We should trade in cryptocrincies or not???

  • By the way what SECP is doing to protect public money if a registered stock broker closes business or defaults?
    First, they allow them to do whatever they like. When they flee abroad and take away everything, SECP wakes up to befool public by saying they’ll sell their property to compensate the investors. The inverters get about 5 to 10 % of their money. That’s it. Job done. This occurs repeatedly. Wow. …. what a management!

  • Can any boy guide me either i should invest in Onecoin or do stock market trading with a minimum amount of 10,000 Pak Rs. If in stock market then in which company??

  • one thing to say..Agr SECP Sary Direct selling MLM companies ban kr rahi ha tu Phr Direct selling association ka pakistan me kia kam…ye kis lye bnani gai…Ghafoor chat wala ki redhi ko NOC denay k lye

  • man im working in onecoin for last 2 years…mujhy scam dikhai na dia shaid aap log koi khas makhlook ho….pakistani awaam isi qaabil hain..na khud kuch krna na dosro ko kuch krnay dena..NA-ehal logo sirf batain tarkhai jao

  • admin beta tera paisa halaal ha atleast teri kamai to chal rahi ha ..dosro ko dhoka na do,,aisi negative news post kr kay…
    logo is ko b suchai ka pta ho ga…khair comments or views say is ghr check aye ga..but ap shaid achi oppertunity say reh jao SCAM SCAM K chakr me…
    me to enjoy kr raha hn “SCAAAAAAM” company say profit lay kr

    -BEST OF LUCK PAKISTANIOOOOO
    from islamabad

  • and yes onecoin is crypto-currency 2nd biggest after bitcoin… aj jo ye tum digital transaction kr rahy ho na chaooraay ho kay…crypto currency ki dain ha…just wait untill it launches in open market in next year….inashaallah
    ap log baitha raho 15 century me.


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