#BTC☀️ The State Bank of Pakistan (SBP) has clarified that it is working with the Pakistan Crypto Council to develop a robust regulatory framework for virtual assets, aiming to eliminate ambiguity regarding their legal status in the country. This announcement comes after recent media reports suggested that virtual assets and cryptocurrencies were completely banned in Pakistan.

The SBP and Ministry of Finance have stated that virtual assets are not legal in Pakistan and their buying and selling are restricted. However, both institutions agree that an effective legal framework is necessary to protect investors and institutions. The regulatory framework is being developed in collaboration with the Pakistan Crypto Council.#BTC