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Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Cater to Crypto Firms
The State 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 invest in, trade, or hold cryptocurrency using their own funds or customer deposits. This development follows the recent passage of the 2026 Virtual …
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes Seven-Year Ban, Enables Banks to Support Crypto Businesses
The State Bank of Pakistan has officially lifted its ban on providing services to cryptocurrency companies, allowing banks and financial institutions to offer their services to these 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 recent introduction of the Virtual Assets Act of 20…
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 ban on providing banking services to cryptocurrency businesses, allowing financial institutions to open accounts for licensed virtual asset service providers. However, banks are still restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrencies. This move follows the introduction of the 2026 Virtual A…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The central bank of Pakistan has officially lifted its seven-year ban on providing 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 crypt…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Firms
The State Bank of Pakistan has officially lifted its ban on providing services to cryptocurrency businesses, notifying all banks and financial institutions that they can now open accounts for crypto firms licensed 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, …
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 banking services to cryptocurrency firms, enabling banks to open accounts for crypto companies that have been approved or are seeking approval under the newly established Virtual Asset Regulatory Authority (PVARA). However, the new regulations stipulate that banks are not permitted to use their own funds or customer…
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 ban on banks providing services to cryptocurrency companies, allowing them to open accounts for firms licensed under the newly enacted Virtual Assets Act. However, banks are still restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency. The new regulations enable banks to provide services to licens…
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 services to cryptocurrency companies, allowing banks and financial institutions to open accounts for licensed crypto firms. However, these institutions 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 2026 Virtual Asse…
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 firms, allowing banks and financial institutions to open accounts for licensed virtual asset service providers. However, the new regulations stipulate that banks are not allowed to invest in, trade, or hold cryptocurrencies using their own funds or customer deposits. This development fo…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes Seven-Year Crypto Ban, Enabling Banks to Support Digital Asset Providers
The State Bank of Pakistan has officially lifted its ban on providing services to cryptocurrency firms, 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 crypto assets. This move follows the recent introduction of the Virtual Assets Act of 2026, wh…
April 15, 2026, 1:01 p.m.