State Bank Of Pakistan Proposes Series Of Amendments; Considers Legalizing Crypto 

Quick Summary:

This restriction was enacted in January 2022 due to IMF-influenced amendments, but the IMF did not specifically recommend it.

According to government sources, the finance ministry has proposed about a dozen amendments, which the Ministry of Law has reviewed.

Additional Proposals aim to improve the governance of the SBP board by granting it greater authority in the approval of financial reports and clarifying the procedures for convening board meetings.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United StatesPakistan

Topics: News Crypto Regulations Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 12:34:38 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 23395828

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