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Policy
Pakistan Reverses Seven-Year Crypto Ban, Enables Banks to Serve Crypto Firms
The State Bank of Pakistan has officially lifted its ban on banks providing services to cryptocurrency firms, allowing them to open accounts for licensed virtual asset service providers. 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 …
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses 7-Year Crypto Ban, Enabling 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 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 digital assets. This move follows the introduction of the 2026 Virtual Assets Act, which esta…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Enables Banks to Support Crypto Providers
The State Bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency firms, allowing banks to open accounts for licensed crypto companies. However, financial institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold crypto assets. This move follows the recently enacted Virtual Assets Act of 2026, which establi…
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 lifted its seven-year ban on banks providing services to cryptocurrency businesses. However, financial institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrencies. This development comes after the introduction of the 2026 Virtual Assets Act, which established the Pakistan Virtual Asset Regula…
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 crypto 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 cryptocurrencies. This move follows the passage of the 2026 Virtual Assets Act,…
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 businesses, allowing financial institutions to open accounts for licensed crypto firms. However, banks 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…
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, allowing banks to offer their services to these companies. However, banks are still not allowed to invest in, trade, or hold cryptocurrencies using their own funds or customer deposits, as per the new regulations. This move comes after the recent enactment of the 2026 Virtual Assets …
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 announced the lifting of its seven-year ban on providing services to cryptocurrency companies, allowing banks and financial institutions to offer their services to these firms. However, banks are still barred from using their own funds or customer deposits to invest, trade, or hold cryptocurrency assets. This development follows the introduction of the 2026 Virtual …
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 services to cryptocurrency companies, notifying all financial institutions in the country of the change. However, banks are still barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency. This move follows the recent passage of the 2026 Virtual Assets Act, which established the Pakistan…
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 banking services to cryptocurrency firms, allowing banks to open accounts for licensed virtual asset service providers. However, financial institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrencies. This move follows the introduction of the Virtual Assets Act of 2…
April 15, 2026, 1:01 p.m.