Pakistan Legalizes Crypto (But With Strict Rules) 🇵🇰
Today Pakistan has taken a big step — crypto is now officially legal! But this legalization comes with very strict conditions.
Background:
Back in 2018, the State Bank of Pakistan (SBP) banned crypto.
❌ Banks & institutions were not allowed to deal with crypto.
❌ Payments, trading, and exchanges were strictly prohibited.
Since then, Pakistanis could only watch global “crypto adoption” from the sidelines.
Today’s Announcement:
✅ The 2018 ban has been withdrawn
✅ A Digital PKR (CBDC) is being launched
❌ But crypto cannot be used for payments or free investment
What’s Allowed?
✔️ You can hold and transfer Digital PKR under SBP regulations
✔️ It can be used in fintech projects and remittances
What’s Banned?
❌ You cannot shop with $BTC / $ETH
❌ Altcoin trading is not freely allowed
❌ Normal investment in crypto won’t be possible
Bottom Line:
This is a controlled legalization, not full adoption.
Pakistan has opened the doors to crypto, but the keys are still held tightly by the State Bank.
👉 The big question is:
Is this the first step toward full legalization?
Or just a way to keep crypto under strict state control?
