In a groundbreaking move, the State Bank of Pakistan (SBP) is poised to take a major step toward the legalization of digital assets by introducing a tightly controlled framework for cryptocurrency use. As part of this strategic shift, the SBP is also preparing to launch its first pilot project for a central bank digital currency (CBDC), marking a significant milestone in the country’s financial modernization. While full-scale adoption of cryptocurrencies remains off the table, the SBP will permit limited buying and trading of digital currencies under strict regulations designed to prevent misuse and ensure financial stability. This dual approach reflects a cautious yet forward-looking stance by the Pakistani financial authorities as they navigate the evolving global digital finance landscape. 🇵🇰 ₿

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