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Policy
Pakistan Reverses Seven-Year Crypto Ban, Enables Banks to Support Virtual 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 cryptocurrency assets. This development follows the introduction of the 2026 Virtual Assets Ac…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Revokes Seven-Year Crypto Ban, Permitting Banks to Support Crypto 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 now allowed to offer their services to these entities. However, the new regulations stipulate that banks are not permitted to invest in, trade, or hold cryptocurrency using their own funds or customer deposits. This development follow…
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 providing banking services to cryptocurrency businesses, allowing banks 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 crypto assets. This move follows the recent passage of the 2026 Virtual Assets Act, which e…
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 providing services to cryptocurrency businesses, notifying all banks and financial institutions of the policy change. While the new rules allow banks to offer services to crypto companies, they explicitly prohibit these institutions from using their own funds or customer deposits to invest in, trade, or hold crypto assets. This devel…
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 prohibition on providing services to cryptocurrency firms, allowing banks and financial institutions to facilitate transactions for these companies. 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 implementatio…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Ends 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 cryptocurrency companies, notifying all banks and financial institutions that they are now allowed to offer their services to these 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 Vi…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Enables Banking Services for Crypto Providers
The State Bank of Pakistan has officially lifted its seven-year ban on providing banking services to cryptocurrency firms, allowing banks to open accounts for licensed crypto businesses. However, financial institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold digital assets. This development follows the introduction of the 2026 Virtual Assets A…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes 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, allowing banks and financial institutions to open accounts for licensed crypto companies. However, these institutions are not permitted to use their own funds or customer deposits to invest in, trade, or hold digital assets. This move comes after the introduction of the 2026 Virtual Assets Act,…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes 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, allowing banks and financial institutions to open accounts for licensed virtual asset service providers. However, these institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold digital assets. This move follows the enactment of the 2026 Virtual …
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 banking services to cryptocurrency firms, allowing banks 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 crypto assets. This move follows the introduction of the 2026 Virtual Assets Act, which establis…
April 15, 2026, 1:01 p.m.