GOOD NEWS FOR CRYPTO LOVERS: Pakistan & Japan To Launch A Digital Currency
For the first time in my life as a crypto investor, I have heard the Pakistani government taking initiatives for a local digital currency. The State Bank of Pakistan has reportedly chosen a renewed Japanese company for the development and official launch of a digital currency.
The name of this currency will be CBDC (Central Bank Digital Currency). Unlike traditional cryptocurrencies like $ETH , $BNB , $BTC , and others, CBDC will be fully regulated by central or local authorities.
This will ensure the safety of users and stability of digital assets while improving the current financial systems. I believe that once this local digital currency is out, investors and traders like me will find it easy to send and receive money online.
Do you think it's a good initiative?