#BigTechStablecoin Officially, cryptocurrencies remain illegal in Pakistan. The Federal Finance Secretary reaffirmed this stance, and the State Bank of Pakistan has imposed strict restrictions on crypto investments. However, the Securities and Exchange Commission of Pakistan (SECP) is exploring a comprehensive legal framework for cryptocurrency trading and blockchain-based businesses, indicating potential future legalization and regulation of digital assets in the country.   

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🤝 Binance’s Role in Pakistan’s Digital Finance Push

In a significant development, Binance founder Changpeng Zhao (CZ) has been appointed as a strategic advisor to Pakistan’s newly established Crypto Council. This move aims to develop a compliant crypto ecosystem and attract global investment. Additionally, Binance has signed a Memorandum of Understanding (MoU) with IBA Karachi to collaborate on blockchain education, innovation, and Web3 adoption in Pakistan.