Pakistan Moves Closer to Crypto Legalization!
The State Bank of Pakistan (SBP) is actively exploring the legalization of cryptocurrencies and the introduction of a Central Bank Digital Currency (CBDC).
š„ Key Highlights of this breakthrough includes:
š¹ Legal Status: Cryptocurrencies may soon gain official recognition.
š¹ Digital Rupee: The SBP is working on launching its own CBDC.
š¹ Regulations: Strict penalties could be imposed on unauthorized crypto issuers.
Summary : If implemented, this will be a great boost to Pakistanās financial system and accelerate crypto adoption nationwide.
