State Bank Wants to Ban Bigo Live and Similar “Immoral” Apps
The Pakistan Telecommunication Authority (PTA) has been directed by the State Bank of Pakistan (SBP) to block some live-streaming platforms due to concerns about immoral content and an excessive outflow of US dollars.
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According to a document obtained by Al Sadat Marketing, the SBP observed significant amounts of foreign currency (FX) being remitted abroad by Pakistani individuals via certain social media platforms.
SBP discovered that these social media platforms mostly included live-streaming channels such as Bigo Live, Mico, StreamKar, and others while conducting an assessment of FX consumption. According to the bank, these websites are being used for creating and sharing immoral content in addition to virtual dating, and it is up to PTA to:
Block URLs and social media applications containing and promoting immoral, pornographic, and sexually explicit content and activites.
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These platforms also engage in gambling via in-app casino games and other means. According to the State Bank, a total of $8.93 million has been remitted through these live-streaming platforms in the last two years.
As a result, SBP has directed PTA to review the content and activities on the aforementioned websites in light of the relevant social media guidelines and regulatory framework.
PTA should decide whether such applications/platforms could be blocked to prevent the spread of immoral content and activities to preseves the precious foreign exchange reserves of the country.
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