Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
LIVE
Ifti khan
--
Follow
which coin is best to invest now ????
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
1
0
Replies
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
LIVE
Ifti khan
@Malyaar_khan
Follow
Explore More From Creator
In pakistan On November 4, the State Bank of Pakistan (SBP) dropped a major announcement: a package of policy proposals that could make digital assets, like cryptocurrencies, legal tender across Pakistan! Led by SBP Governor Jameel Ahmad, the Monetary Policy Committee (MPC) pitched amendments that would allow state banks to issue a digital currency and even penalize unauthorized issuers. If approved, this could open doors to a Central Bank Digital Currency (CBDC), creating a potential digital rupee! These amendments also propose to allow state banks to manage digital payment services, potentially integrating blockchain for transactions like crypto buying, selling, and trading. This is a HUGE turn from the previous government stance, which leaned towards banning cryptocurrency. Earlier in 2023, former finance minister Aisha Ghaus Pasha signaled a strong anti-crypto view. But since March 2024, Muhammad Aurangzeb, Pakistan’s new finance leader, has flipped the script, moving the MPC in a more pro-crypto direction. MORE GOOD NEWS! The MPC also announced a 2.5% interest rate cut, anticipating economic improvements. Lower food inflation, favorable oil prices, and stable gas tariffs are setting the stage for a 2.5-3.5% GDP growth target for FY25. If these crypto-friendly proposals pass, this could be a game-changer for Pakistan’s digital assets market, helping to curb illegal trading and establish safe, regulated options.
--
Pakistan is moving towards a significant change in its financial landscape by proposing amendments t to the State Bank of Pakistan (SBP) Act to integrate digital currencies into its system. This progressive shift suggests a strong commitment to advancing a modern financial infrastructure, including central bank digital currencies (CBDCs) and regulated digital assets. Here’s a breakdown of Pakistan's approach: Key Developments: 1. Central Bank Digital Currency (CBDC) Potential: The SBP is set to consider CBDC transactions, which would likely involve a state-backed digital currency that could become legal tender. This would position Pakistan alongside other countries exploring CBDCs, adding a regulated, government-backed digital currency to its economy. 2. Regulatory Framework for Digital Payment Systems: The SBP plans to create a subsidiary focused on digital payment systems, which would support a comprehensive regulatory framework for digital finance. This step aims to bolster Pakistan’s financial infrastructure, making digital transactions more accessible and secure. 3. Cautious Stance on Cryptocurrencies: Although Pakistan is embracing digital finance, it remains cautious about volatile cryptocurrencies like Bitcoin. These assets are still seen as high-risk, signaling that Pakistan's focus is primarily on regulated digital finance and state-issued currencies, rather than decentralized assets. 4. Strict Penalties to Ensure Compliance: The proposed amendments include severe penalties for unauthorized digital currency creation. This suggests a strong regulatory intent to ensure that digital finance within Pakistan is carefully monitored and controlled. Summary: This move could mark the beginning of a digital finance revolution in Pakistan, creating new opportunities for financial inclusion while ensuring secure, regulated digital transactions. The SBP’s cautious approach highlights a preference for state-regulated digital currencies over decentralized ones, as it navigates a balanced path toward a digital economy.#Write2Earn! #OctoberCryptoFundingSurge
--
$DOGS Throughout the history of the cryptocurrency world, miracles always revolve around dogs! Doge went up 30,000 times in one go, Shib went up 10,000 times in one go! Babydoge went up 7,000 times in one go! Dogs is expected to go up 100 times at least! #bnb #btc #doge #shib #writetoearn
--
Who is Satoshi Nakamoto? 🤔 Can you crack the Bitcoin creator mystery? 🕵️♂️🕵️♀️ Share your wildest memes, craziest theories, and thoughts on Satoshi’s identity using the hashtag #WeAreAllSatoshi. We'll be reacting to the funniest entries, so bring your A-game! #WeAreAllSatoshi
--
Another airdrop with the name of hamster.How it will benefit to thier user.#BinanceLaunchpoolHMSTR #Hamster #writetoearn
--
Latest News
BNB Surpasses 590 USDT with a 4.75% Increase in 24 Hours
--
Ethereum(ETH) Surpasses 2,700 USDT with a 11.23% Increase in 24 Hours
--
Senator Lummis Proposes Strategic Bitcoin Reserve For US
--
Bitcoin(BTC) Surpasses 76,000 USDT with a 9.67% Increase in 24 Hours
--
Bitcoin(BTC) Surpasses 75,000 USDT with a 7.03% Increase in 24 Hours
--
View More
Trending Articles
urgent pump alert 🚀🚀🚀🚀 eth urgent u
03012680621
🚨 I Made $1 Million in Crypto – These Are the 5 Rules I Learned 🚨
salina-1
🚀 Why 90% of Crypto Traders Lose Money: Top 5 Mistakes and How to Avoid Them on Binance 😱
Trader Rai
$DOGE 🔥 DOGECOIN'S PRICE PREDICTION F
FAHEEM TRADERS
1x Leverage with $10 VS 10x Leverage with $1
FaRan94
View More
Sitemap
Cookie Preferences
Platform T&Cs
