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State Bank of Pakistan

Pakistan adopts blockchain KYC platform for financial institutions
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31 December, 2023

Pakistan adopts blockchain KYC platform for financial institutions

Pakistan's central bank has approved blockchain KYC for banks, boosting security and efficiency with privacy measures, uniformity, cost savings, and...
Pakistan’s central bank confirms CBDC development, seeks to catch up with industry pioneers
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26 July, 2023

Pakistan’s central bank confirms CBDC development, seeks to catch up with industry pioneers

The State Bank of Pakistan’s CBDC pilot is expected to be carried out in stages, roping in the Pakistani commercial...
Pakistan set to impose blanket ban on digital currencies
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25 May, 2023

Pakistan set to impose blanket ban on digital currencies

Part of the conditions set by the Financial Action Task Force to remove Pakistan from its “grey list” was the...
Pakistan banks to develop blockchain-based eKYC platform
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10 March, 2023

Pakistan banks to develop blockchain-based eKYC platform

eKYC platform Consonance will rely on blockchain to provide banks and financial institutions with a standardized framework to carry out...
Pakistan draws up laws in preparation for CBDC launch in 2025
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9 December, 2022

Pakistan draws up laws in preparation for CBDC launch in 2025

Pakistan is set on launching its CBDC by 2025, releasing new guidelines—with help from World Bank—for non-bank entities to aid...
Ban on digital currencies reportedly coming to Pakistan
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19 January, 2022

Ban on digital currencies reportedly coming to Pakistan

The State Bank of Pakistan is concerned about the use of digital currencies in crime, with a recent Binance-linked $100...
Binance at the center of $100M digital currency scam in Pakistan
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11 January, 2022

Binance at the center of $100M digital currency scam in Pakistan

Over 30,000 investors were reportedly tricked into opening Binance accounts and transferring their digital assets to scammers, and the exchange...
Pakistan high court orders gov’t to establish digital currency regulations in 3 months
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27 October, 2021

Pakistan high court orders gov’t to establish digital currency regulations in 3 months

The High Court of Sindh has ordered the gov’t to formulate regulations for the digital currency industry in response to...
Pakistan court reins in FIA, central bank over digital currency ban
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24 December, 2020

Pakistan court reins in FIA, central bank over digital currency ban

The Sindh High Court in Pakistan has heard a petition filed in opposition to a nationwide ban on cryptocurrencies, giving...
Digital currency not banned in Pakistan, lawyer says
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10 November, 2020

Digital currency not banned in Pakistan, lawyer says

The State Bank has not outlawed digital currency in Pakistan despite claims to the contrary, according to a lawyer for...
Pakistani central bank plans to issue digital currency by 2025
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3 April, 2019

Pakistani central bank plans to issue digital currency by 2025

Pakistani central bank plans to issue digital currency by 2025
Traders find ways around Pakistan ban to buy, sell cryptos: reports
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15 May, 2018

Traders find ways around Pakistan ban to buy, sell cryptos: reports

Traders find ways around Pakistan ban to buy, sell cryptos: reports