ISLAMABAD:

Finance Minister Muhammad Aurangzeb warned on Saturday that Pakistan risks slipping back to the grey list of Financial Action Task Force due to unregulated digital transactions being carried out by roughly 15% of the population, seeking to put in place a transparent regulatory regime.

"If certain level of activity is happening and happening at this scale, it's only a question of when, not if, that we are going to get into trouble as a country, as a sovereign again," said Senator Aurangzeb while speaking at the workshop on the Leadership Summit on Block chain and Digital Assets: Technology and Innovation.

The minister added that in terms of know your customer (KYC) and anti-money laundering sanctions, Pakistan exited the grey list after six years with great difficulty and this

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