Pakistan’s central bank recently updated its regulations, permitting banks to work with companies offering virtual asset services – like cryptocurrency exchanges – starting April 14, 2026. This reverses a ban put in place in 2018 and follows the passage of new laws in March 2026 that created a regulator for virtual assets. Banks will be required to thoroughly check these companies, confirm their licenses, keep a close watch on transactions, and report anything suspicious, but they won’t be allowed to trade crypto themselves. The goal is to increase openness, prevent illegal activity, and bring Pakistan in line with international standards for cryptocurrency regulation.
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2026-04-15 14:21