Odaily Planet Daily News According to Reuters, the State Bank of Pakistan is preparing for a pilot project on digital currency and is finalizing regulations for virtual asset supervision. On July 9, the central bank governor Jameel Ahmad stated at the Reuters NEXT Asia Summit that the country is advancing the modernization of its financial system and strengthening the capacity building for central bank digital currency, aiming to launch the pilot project as soon as possible. He discussed challenges in South Asian monetary policy with the governor of the Central Bank of Sri Lanka, stating that new laws will lay the foundation for licensing and regulating the virtual asset industry, and the central bank has engaged with some technology partners. He emphasized that this emerging field presents both risks and opportunities, requiring careful evaluation to manage risks and seize opportunities. On the same day, the State Minister for Blockchain and Cryptocurrency Affairs of Pakistan announced that the government has approved the '2025 Virtual Asset Act', which will establish an independent agency to regulate the cryptocurrency industry.