Pakistan Moves Toward Legalizing Crypto, Signaling Major Financial Policy Shift.
Pakistan is making moves toward legalizing cryptocurrency in a big policy shift. The government seeks to amend the State Bank of Pakistan (SBP) Act. According to The Express Tribune, these amendments shall empower the SBP to issue digital currency, regulate the country’s financial assets in physical and digital forms, and exercise custody over them. The move is part of Pakistan’s growing realization that digital currencies should be integrated into the national financial system.
