๐๐ฅ ๐๐๐ค๐ข๐ฌ๐ญ๐๐ง ๐๐ฆ๐๐ซ๐๐๐๐ฌ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐ ๐ข๐ง๐๐ง๐๐ ๐๐๐ฏ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐ต๐ฐ๐ฅ๐ฃ
Pakistan is making noteworthy strides in digital financial innovation as the State Bank of Pakistan (#SBP ) unveils plans to regulate and integrate digital assets, including cryptocurrencies, into the formal financial system. This transformative move could officially recognize digital currencies as legal tender, signaling a significant evolution in the country's financial framework.
As part of this initiative, the SBP is also exploring the launch of its own central bank digital currency (#CBDC ). If implemented, this digital currency would represent a pivotal step in modernizing Pakistanโs financial ecosystem and aligning it with global trends. The shift reflects a departure from the central bankโs traditionally cautious approach to cryptocurrencies, heralding a forward-thinking chapter in the nationโs economic policies.
This bold direction underscores Pakistan's commitment to fostering innovation, enhancing financial inclusion, and creating a robust regulatory environment for digital assets. With these developments, the country is poised to position itself as a key player in the rapidly evolving global digital finance arena.