Pakistan Digital Assets Legal Framework: SBP Proposes Cryptocurrency Legalization

Quick Summary:

Pakistan’s Digital Assets Legal Framework The State Bank of Pakistan (SBP) recently introduced a groundbreaking proposal on November 4, 2024, aiming to legalize digital assets in Pakistan.

To ensure a secure and transparent financial environment, the State Bank of Pakistan has included strict penalties for unauthorized issuers of digital currency.

By legalizing digital assets, Pakistan could attract local and international investors seeking a stable environment for cryptocurrency and blockchain-based businesses.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaChinaPakistanUnited States

Topics: Pakistan Digital Assets Legal Framework Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 17:26:25 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 947 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23435144

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