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Pakistan Central Bank Governor Announces Launch of Digital Currency Pilot
Summary: According to Reuters, the Pakistan Central Bank is preparing to launch a digital currency pilot and has finalized regulations for virtual assets. On July 9, Central Bank Governor Jameel Ahmad stated at the Reuters NEXT Asia Summit that the country is advancing financial system modernization, strengthening central bank digital currency capabilities, and hopes to launch ...
According to Reuters, the Pakistan Central Bank is preparing to launch a digital currency pilot and has finalized regulations for virtual assets. On July 9, Central Bank Governor Jameel Ahmad stated at the Reuters NEXT Asia Summit that the country is advancing financial system modernization, strengthening central bank digital currency capabilities, and hopes to launch the pilot soon. He discussed South Asian currency policy challenges with the Central Bank Governor of Sri Lanka, stating that the new law will lay the foundation for licensing and regulating the virtual asset industry, with the central bank already in contact with some technology partners. He emphasized that this emerging field presents both risks and opportunities, requiring careful risk assessment and seizing opportunities. On the same day, the Pakistani Minister of Blockchain and Cryptocurrency Affairs announced that the government has approved the '2025 Virtual Assets Act,' establishing an independent agency to regulate the cryptocurrency industry.
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Link: Pakistan Central Bank Governor Announces Launch of Digital Currency Pilot [Copy]
