CoinVoice has learned that, according to Reuters, the Governor of the State Bank of Pakistan, Jameel Ahmad, stated on Wednesday that the State Bank of Pakistan is preparing to launch a digital currency pilot and is finalizing legislation to regulate virtual assets, as the country intensifies efforts to modernize its financial system.

He discussed the challenges of monetary policy in South Asia with the Governor of the Central Bank of Sri Lanka, stating that the 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 carries both risks and opportunities, requiring careful assessment to manage risks and seize opportunities.

On the same day, the State Minister for Blockchain and Cryptocurrency Affairs of Pakistan stated that the government has approved the '2025 Virtual Assets Act', which will establish an independent agency to regulate the cryptocurrency industry. [Original link]