๐ Big news from Pakistan! The State Bank of Pakistan (SBP) is proposing a legal framework to recognize digital assets, including cryptocurrencies, as official currency. This could pave the way for a central bank digital currency (CBDC) in Pakistan, marking a significant shift from previous warnings against virtual currencies.
๐ The proposal includes amendments to the SBP Act, allowing digital currencies like Bitcoin to be legal tender. It also introduces penalties for unauthorized issuers and opens top bank positions to dual nationals.
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