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Policy
Pakistan Repeals Seven-Year Crypto Ban, Enables Banks to Cater to Crypto Firms
The State Bank of Pakistan has informed all banks and financial institutions that the longstanding ban on providing services to cryptocurrency companies has been lifted. However, under the newly introduced regulations, banks are restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This move by the State Bank of Pakistan follows the rec…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Serve 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 are now allowed to offer 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 move …
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 banking services to cryptocurrency companies, issuing a notice to all financial institutions in the country. However, banks are still restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency. This development follows the introduction of the 2026 Virtual Assets Act, which established…
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 lifted its seven-year ban on providing services to cryptocurrency companies, allowing banks to open accounts for licensed crypto firms. However, financial institutions are still barred from investing in or trading cryptocurrencies using their own funds or customer deposits. This move follows the introduction of the 2026 Virtual Assets Act, which established the Paki…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Cater to Crypto Providers
The State Bank of Pakistan has officially lifted its ban on providing services to crypto companies, notifying all banks and financial institutions of the change. However, the new regulations dictate that banks are not allowed to invest in, trade, or hold crypto assets using their own funds or customer deposits. This development follows the enactment of the 2026 Virtual Assets Act, which led to th…
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 firms, notifying all banking and financial institutions that they are now allowed to offer their services to these companies. 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 move…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Revokes Seven-Year Crypto Ban, Enables Banks to Support Digital Asset Providers
The State Bank of Pakistan has notified all financial institutions in the country that the longstanding ban on providing services to cryptocurrency firms has been lifted. However, according to new regulations, banks are restricted from using their own funds or customer deposits to invest in, trade, or hold digital assets. This development follows the recent passage of the Virtual Assets Act of 20…
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 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 in, trade, or hold cryptocurrency. This move follows the introduction of the 2026 Virtual Assets Act, which e…
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 companies, allowing banks to open accounts for licensed virtual asset service providers. However, these 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 of the 2026 Virtual Assets Act, which…
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 announced the lifting of a seven-year ban on banks providing services to cryptocurrency businesses. However, financial institutions are still barred from using their funds or customer deposits to invest in, trade, or hold cryptocurrencies. This move follows the introduction of the Virtual Assets Act of 2026, which established the Pakistan Virtual Asset Regulatory …
April 15, 2026, 1:01 p.m.