In a significant policy shift, the State Bank of Pakistan (SBP) has decided to permit cryptocurrency trade, a Senate committee was informed. Officials revealed that the central bank is formulating a regulatory framework to oversee digital assets, signaling a major development in Pakistan’s financial landscape.
The State Bank of Pakistan (SBP) has officially decided to allow the trade of cryptocurrencies, according to a briefing given to a Senate body. This marks a turning point in the country’s financial policy, which previously discouraged or restricted digital currency transactions.
Cryptocurrency Trade SBP representatives told the committee that preparations are underway to introduce a comprehensive regulatory framework aimed at governing cryptocurrency exchanges and digital asset trading. The move is expected to enhance transparency, safeguard investors, and align Pakistan with global financial trends.
Lawmakers were informed that the decision comes in response to the growing demand for digital asset regulation and the increasing use of cryptocurrencies worldwide. Industry experts believe this development could open new opportunities for financial innovation and investment in the country.ARYnews
The State Bank of Pakistan (SBP) has decided to permit cryptocurrency trade, signaling a major policy shift. Officials informed a Senate committee that a regulatory framework is being developed to govern digital assets and exchanges. The move, described as a bold step, aims to increase transparency, protect investors, and align Pakistan with global financial practices.
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