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The State Bank of Pakistan and the Pakistan Virtual Assets Regulatory Authority have stepped up coordination to develop a regulatory roadmap for virtual assets and explore the release of a virtual currency.
The discussions signal closer alignment between Pakistanโs central bank and its digital asset regulator as the country accelerates work on a formal crypto framework.
The meeting follows the Ministry of Financeโs recent memorandum of understanding with Binance,
which explores blockchain-based tokenization of Pakistanโs real-world and sovereign assets.
Under the proposal, government bonds, treasury bills, commodity reserves,
and other federal assets could be tokenized to enhance liquidity, transparency, and access to global investors.
Subject to regulatory approvals, assets worth up to $2 billion may be involved in the initial phase.
The MoU was signed in the presence of Finance Minister Muhammad Aurangzeb and Binance CEO Richard Teng,
with Pakistan Crypto Council adviser Changpeng Zhao also attending.
Together, these developments highlight Pakistanโs growing focus on integrating regulated digital asset infrastructure into its financial system.
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