Pakistan Moving Toward Legalizing and Regulating Cryptocurrency

The State Bank of Pakistan (SBP) proposed amendments to the SBP Act that would allow the central bank to issue digital currencies, including a potential central bank digital currency (CBDC), and regulate the Blockchain activities or cryptocurrencies as legal tender. These amendments would also permit state banks to process blockchain-based transactions and impose penalties for [...]The post Pakistan Moving Toward Legalizing and Regulating Cryptocurrency appeared first on Tekedia.

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