Almost a year after a blanket ban on cryptocurrencies, Pakistan has come a long way in its attitude toward the space. A recent notice by the State Bank of Pakistan (SBP) declared that institutions willing to work in the sphere of “electronic money” can now get licenced by the SBP to “issue e-money for the purpose of digital payments.”
As reported by a Pakistani news association, The Express Tribune, the government hosted a meeting at the Islamabad office of the State Bank of Pakistan on April 1 for the discussion and formation of crypto regulations, termed Electronic Money Institutions (EMI) regulation.
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