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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

[Nov 5 6:30 AM] The Pakistani government has proposed amendments to the State Bank of Pakistan (SBP) Act to recognize central bank digital currencies (CBDCs) as legal tender. These changes would authorize the central bank to issue, regulate, and manage digital…

Pakistan moves to regulate cryptocurrency, CBDCs as legal tender

[Nov 4 5:12 PM] The proposed amendments would allow for sweeping changes to the country’s financial sector. 

Bitcoin Adoption In Pakistan Continues To Rise Without Regulatory Clarity

[Jan 23 8:30 AM] Pakistan is one of the emerging markets in Southeast Asia with a population of approximately 250 million, and a country where the majority of the population lives below the poverty line. The people of Pakistan are hopeful; many believe that good…

Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request

[Jun 19, 2023 11:30 PM] In mid-May, several reports indicated that Bangladesh and India were engaging in currency trading using their respective currencies in order to address U.S. dollar liquidity challenges. Recent sources now reveal that Bangladesh is welcoming a…

FATF Did Not Require Pakistan to Ban Crypto to Stay Off Its 'Grey List'

[May 24, 2023 2:12 AM] The Financial Action Task Force has said it does "not require countries to indiscriminately ban virtual assets and virtual asset service providers," after Pakistan's Minister of State for Finance and Revenue said crypto cannot be legalized due to…

Pakistan aims to produce 1 million AI-trained IT graduates by 2027

[May 24, 2023 12:44 AM] The policy framework showcases Pakistan’s willingness to integrate AI for public and national betterment. The country has set 15 targets with timelines ranging from 2023 to 2028.

Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular

[May 18, 2023 11:25 AM] Pakistan's government has hardened its stance against cryptocurrencies, with Minister of State for Finance and Revenue Aisha Ghaus Pasha saying they will “never be legalized in Pakistan.”

Pakistan to Ban Online Services Related to Cryptocurrencies

[May 18, 2023 3:30 AM] Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of…

Pakistani finance minister says crypto will never be legal because of FATF

[May 17, 2023 2:00 PM] Pakistan was taken off the FATF gray list in October, and it has good reasons to want to stay in international good graces.

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

[Apr 8, 2023 11:30 AM] China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September…

Tucker Carlson Blames Recent De-Dollarization Movements on Russian Sanctions and US Dollar Weaponization

[Apr 7, 2023 10:30 PM] Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, analyzed the situation surrounding de-dollarization movements that countries like China and Russia have promoted recently. Carlson stated that sanctions on Russia…

Pakistan banks agree on blockchain-based KYC system development

[Mar 6, 2023 1:30 AM] The blockchain-based national eKYC banking platform is aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing.

Pakistan Banks to Use Blockchain Technology for KYC

[Mar 5, 2023 10:30 PM] Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they…

Pakistan launches new laws to expedite CBDC launch by 2025

[Dec 5, 2022 2:19 AM] The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years.