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Category SBP

Pakistan central bank clarifies stance on digital assets

Pakistan central bank clarifies stance on digital assets

The State Bank of Pakistan has clarified its stance on digital assets, saying that it has never declared ownership and trading of the assets illegal.
Pakistan to Ban Online Services Related to Cryptocurrencies

Pakistan to Ban Online Services Related to Cryptocurrencies

Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The...
Pakistan Will Never Legalize Crypto Because Of Fraud Concerns

Pakistan Will Never Legalize Crypto Because Of Fraud Concerns

To avoid unlawful digital currency transactions, Pakistan has decided to block cryptocurrency services accessible on the internet in the nation.
Pakistan Banks to Use Blockchain Technology for KYC

Pakistan Banks to Use Blockchain Technology for KYC

Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchai...