CryptoMediaClub
Monday, July 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Pakistan May Legalize CBDC as Payment Option

05.11.2024
A A
0
119
VIEWS
ShareShare

The government of Pakistan is proposing to legalize a central bank digital currency (CBDC) as legal tender.

Pakistan Works on Legalizing CBDC

Pakistan’s Ministry of Finance submitted several amendments to the State Bank of Pakistan (SBP) Act. In particular, these proposals introduce the concept of digital currency into the legislation and empower the SBP to issue and use digital currency as legal tender. The Express Tribune cited government sources.

The proposed amendments also regulate the issuance of digital assets, effectively granting the central bank a monopoly over this activity. To develop and operate digital payment systems, the SBP plans to establish a subsidiary.

Before coming into force, the amendments to the law will be reviewed by the federal cabinet and then by the country’s parliament.

Earlier, the SBP representatives published public recommendations regarding cryptocurrencies like Bitcoin and Litecoin, clearly stating that cryptocurrencies aren’t recognized as legal tender in Pakistan. The central bank expressed concerns about the anonymity of cryptocurrencies and warned of the potential risks associated with their use.

Despite warnings from local financial regulators, Pakistan ranked ninth in Chainalysis’ Global Crypto Adoption Index for 2024.

Сообщение Pakistan May Legalize CBDC as Payment Option появились сначала на CoinsPaid Media.

Share9Tweet6ShareSharePin2

Related Posts

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?
All news

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

28.07.2025
0

The Bitcoin price looks primed for another surge toward fresh all-time highs as institutional investors have poured approximately $86 billion...

Read moreDetails
Vietnam Launches National Blockchain Platform for Data Verification

Vietnam Launches National Blockchain Platform for Data Verification

28.07.2025
Meme Coin Supercycle? DOGE Price Up 50%, BONK 150%, FLOKI 80%

Meme Coin Supercycle? DOGE Price Up 50%, BONK 150%, FLOKI 80%

28.07.2025

Over 99% of Banking Transactions in Australia Conducted Online

28.07.2025
One-Click Cloud Mining: PAXMINING Opens Doors for XRP & Digital Asset Users

One-Click Cloud Mining: PAXMINING Opens Doors for XRP & Digital Asset Users

28.07.2025
Load More
Next Post
Bitcoin as a US strategic reserve asset could create ‘monetary stability’ – BPI

Bitcoin as a US strategic reserve asset could create ‘monetary stability’ – BPI

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Ethereum Charges Past Key Levels, Eyes $1,750 Resistance Amidst Bullish Momentum

Ethereum Charges Past Key Levels, Eyes $1,750 Resistance Amidst Bullish Momentum

2 years ago
Unveiling the Stunning $1.4B ETH Hack: 77% of Cryptocurrency Funds Traceable, Bybit CEO Exposes

Unveiling the Stunning $1.4B ETH Hack: 77% of Cryptocurrency Funds Traceable, Bybit CEO Exposes

5 months ago
Peanut the Squirrel Hits $2B Market Cap, GOAT Hits $1B – Is New Animal Meme Coin Flockerz Next?

Peanut the Squirrel Hits $2B Market Cap, GOAT Hits $1B – Is New Animal Meme Coin Flockerz Next?

8 months ago
Japanese Finance Minster: Tokyo Will Evaluate Crypto Tax System ‘by June’

Japanese Finance Minster: Tokyo Will Evaluate Crypto Tax System ‘by June’

6 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Over 99% of Banking Transactions in Australia Conducted Online

One-Click Cloud Mining: PAXMINING Opens Doors for XRP & Digital Asset Users

Senate Democrats Question Housing Agency Over Crypto in Mortgage Plans

ASIC Warns Australians Against Bitget’s “Unlicensed” Crypto Futures Offerings

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

Trending

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?
All news

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

28.07.2025
0

The Bitcoin price looks primed for another surge toward fresh all-time highs as institutional investors have poured...

Vietnam Launches National Blockchain Platform for Data Verification

Vietnam Launches National Blockchain Platform for Data Verification

28.07.2025
Meme Coin Supercycle? DOGE Price Up 50%, BONK 150%, FLOKI 80%

Meme Coin Supercycle? DOGE Price Up 50%, BONK 150%, FLOKI 80%

28.07.2025

Over 99% of Banking Transactions in Australia Conducted Online

28.07.2025
One-Click Cloud Mining: PAXMINING Opens Doors for XRP & Digital Asset Users

One-Click Cloud Mining: PAXMINING Opens Doors for XRP & Digital Asset Users

28.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz