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Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Support Crypto Businesses
The State Bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency firms, issuing a notice to all banks and financial institutions in the country. 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 development follows the recent passage of the 2026 V…
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 services to cryptocurrency firms, notifying all banks and financial institutions that they are permitted to do so. However, banks are still barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrencies. This decision follows the introduction of the 2026 Virtual Assets Act, which establishe…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Support Digital Asset Providers
Pakistan's central banking authority has lifted its seven-year prohibition on providing services to cryptocurrency firms, notifying all banks and financial institutions that they are now allowed to do so. However, the new regulations stipulate that banks are not permitted to use their own funds or customer deposits to invest in, trade, or hold digital assets. This move follows the recent passage …
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Cater to Crypto Firms
The State Bank of Pakistan has officially notified all banking and financial institutions that the longstanding ban on providing services to cryptocurrency entities has been lifted. However, the new regulations stipulate that banks are not permitted to use their own funds or customer deposits to invest in, trade, or hold crypto assets. This move follows the introduction of the Virtual Assets Act …
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 ban on providing services to cryptocurrency firms, notifying all banking and financial institutions that they are allowed to offer their services to these entities. However, the new regulations stipulate that banks are not permitted to use their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This development …
April 15, 2026, 1:01 p.m.
Policy
Pakistan Repeals Seven-Year Crypto 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 to open accounts for crypto firms that have been approved by the Pakistan Virtual Asset Regulatory Authority (PVARA). However, financial institutions are still not permitted to invest in, trade, or hold cryptocurrencies using their own funds or customer deposits, …
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 seven-year ban on providing services to cryptocurrency firms, notifying all banks and financial institutions of the change. While the ban has been lifted, banks are still restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency. This development follows the recent passage of the Virtual Assets A…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Revokes Seven-Year Crypto Ban, Enables Banks to Serve Crypto Firms
The State Bank of Pakistan has officially lifted its 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, banks are still restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency as…
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 prohibition on banking services for cryptocurrency companies. However, under the new regulations, banks are restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This development follows the recent passage of the Virtual Assets Act of 2026, which established the Pakistan Virt…
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 crypto firms licensed under the newly enacted Virtual Assets Act. However, banks are still barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrencies. The new regulations perm…
April 15, 2026, 1:01 p.m.