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Policy
Pakistan Reverses Seven-Year Crypto Ban, Enabling Banks to Support Crypto Businesses
The central bank of Pakistan has officially notified all financial institutions in the country that the long-standing ban on providing services to cryptocurrency companies has been lifted. However, under the new regulations, banks are strictly prohibited from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This move by the State Bank of Pakistan foll…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Serve Crypto Firms
The State Bank of Pakistan has officially lifted its seven-year ban on providing banking services to cryptocurrency companies, allowing banks to open accounts for crypto firms that have been approved by the Pakistan Virtual Asset Regulatory Authority (PVARA). However, the new regulations stipulate that banks are not allowed to use their own funds or customer deposits to invest in, trade, or hold…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Support Digital Asset Providers
The central bank of Pakistan has officially lifted its seven-year ban on providing banking services to cryptocurrency businesses. However, financial institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold digital assets. This move follows the recent passage of the Virtual Assets Act of 2026, which established the Pakistan Virtual Asset Regulatory…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Serve Crypto Firms
The central bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency companies, 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, trade, or hold cryptocurrency assets. This development follows the recent passage of the 2026 V…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Serve Crypto Businesses
The State Bank of Pakistan has officially lifted its ban on providing services to cryptocurrency firms, allowing banks and financial institutions to offer services to licensed crypto businesses. However, banks are still restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrencies. This move follows the enactment of the Virtual Assets Act of 2026, which …
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Cryptocurrency Ban, Enables Banks to Support Crypto Firms
The State Bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency companies, allowing banks and financial institutions to open accounts for crypto firms that have been approved by the Pakistan Virtual Asset Regulatory Authority (PVARA). However, under the new regulations, banks are still barred from using their own funds or customer deposits to invest in…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes Seven-Year Restriction, Enabling Banks to Cater to Cryptocurrency Providers
The State Bank of Pakistan has notified all banking and financial institutions in the country that the prohibition on providing services to cryptocurrency companies has been lifted. However, according to the new regulations, banks are barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This decision follows the recent implementation of the 20…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Enables Banks to Support Digital Asset Providers
The central bank of Pakistan has officially lifted its ban on providing services to cryptocurrency companies, notifying all banks and financial institutions of the policy 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 crypto assets. 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 Support Digital Asset Providers
The State Bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency businesses, allowing banks and financial institutions to open accounts for licensed crypto firms. However, these institutions are restricted from using their own funds or customer deposits to invest in, trade, or hold digital assets. This move follows the introduction of the 2026 Virtual As…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Ends 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 businesses, allowing banks and financial institutions to offer their services to licensed crypto firms. However, these institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency. This move follows the recent implementation of the Virtual A…
April 15, 2026, 1:01 p.m.