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Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The State Bank of Pakistan has officially lifted its seven-year ban on providing banking services to cryptocurrency businesses, enabling banks to offer their services to these companies. However, the new regulations stipulate that banks are not permitted to invest in, trade, or hold cryptocurrencies using their own funds or customer deposits. This development follows the recent passage of the Vir…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The State Bank of Pakistan has officially lifted its ban on banks providing services to cryptocurrency firms, notifying all financial institutions in the country of this change. However, the new regulations stipulate that banks are not allowed to use their own funds or customer deposits to invest in, trade, or hold cryptocurrency. This move follows the recent passage of the Virtual Assets Act of …
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The State Bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency companies, allowing banks to offer their services to licensed crypto firms. However, banks are still barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This move follows the recent passage of the Virtual Assets Act of 2026, which estab…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Revokes Seven-Year Crypto Ban, Permitting Banks to Cater to Crypto Businesses
The State Bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency businesses, notifying all banks and financial institutions of the change. However, the new regulations stipulate that banks are not allowed to use their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This move follows the recent passage of the 2026 Virtua…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The State Bank of Pakistan has officially lifted its ban on providing services to crypto businesses, allowing banks to open accounts for licensed crypto companies. However, banks are still barred from using their own funds or customer deposits to invest in, trade, or hold crypto assets. This move follows the recent introduction of the Virtual Assets Act of 2026, which established the Pakistan Vir…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Repeals Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The State Bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency firms, notifying all banks and financial institutions that they can now offer services to these entities. However, the new regulations stipulate that banks are still barred from investing, trading, or holding crypto assets using their own funds or customer deposits. This development follows…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Repeals Seven-Year Crypto Ban, Permitting Banks to Serve Crypto Firms
The State Bank of Pakistan has officially lifted its ban on providing services to cryptocurrency firms, notifying all banks and financial institutions that they are allowed to open accounts for crypto companies licensed by the Pakistan Virtual Asset Regulatory Authority (PVARA). However, the new regulations stipulate that banks are not permitted to use their own funds or customer deposits to inv…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Enables Banks to Support Digital Asset Providers
The State Bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency businesses, notifying all financial institutions that they are permitted to open accounts for crypto firms licensed by the Pakistan Virtual Asset Regulatory Authority (PVARA). While banks are now allowed to facilitate transactions for virtual asset service providers (VASPs), they are stric…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Repeals Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The State Bank of Pakistan has officially lifted its seven-year ban on providing banking services to cryptocurrency firms. However, financial institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrencies. This move comes after the introduction of the 2026 Virtual Assets Act, which established the Pakistan Virtual Asset Regulatory Autho…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Revokes Seven-Year Ban, Enables Banks to Offer Services to Crypto Providers
The State Bank of Pakistan has notified all financial institutions in the country that the long-standing ban on providing services to cryptocurrency firms has been officially lifted. However, according to the newly introduced regulations, banks are strictly prohibited from using their own funds or customer deposits to invest in, trade, or hold cryptocurrencies. This development follows the recent…
April 15, 2026, 1:01 p.m.