*If this happens it’s the slap on the face of Indian Government where all unqualified useless people are holding big positions in the cabinet.*

The plan includes allowing digital currencies, such as Bitcoin, to gain legal tender status, and suggests the SBP could issue its own central bank digital currency (CBDC).
The original link for this article: https://dig.watch/updates/pakistan-moves-to-recognise-digital-currency
The State Bank of Pakistan (SBP) has proposed a significant framework to recognise digital assets, including cryptocurrency, as legal currency in Pakistan. If approved, the plan would allow the SBP to issue its digital currency, potentially paving the way for a central bank digital currency (CBDC) within the country. This shift would mark a major departure from the SBP’s previous cautionary stance on virtual currencies.
In a proposed amendment to the State Bank of Pakistan Act, digital currencies such as Bitcoin could gain legal tender status, meaning they would be accepted for payment of goods, services, and debts. The framework also suggests measures to penalise any unauthorised issuers of digital currency, granting the SBP comprehensive authority over both physical and digital currency management.
The proposal further includes a provision allowing dual nationals to serve in senior roles within the central bank, a reversal of past restrictions. This move reflects the government’s broader economic strategy, which aims to modernise Pakistan’s financial system and boost GDP growth in line with global digital finance trends.