Pakistan is making significant progress in the realm of digital finance. The State Bank of Pakistan (SBP) has proposed a framework to officially recognize digital assets, including cryptocurrencies, as legal tender. If this plan is approved, the SBP may also introduce its own digital currency, referred to as a central bank digital currency (CBDC). This marks a shift from the SBP’s previously cautious stance, paving the way for a new chapter in the country's financial landscape.
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