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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 companies. However, banks are still restricted from using their own funds or customer deposits to invest in, trade, or hold digital assets. This development follows the enactment of the Virtual Assets Act of 2026, which established the Pakistan Virtual Asset Regulatory Authority t…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes Seven-Year Ban, Permitting Banks to Offer Services to Crypto Firms
The State Bank of Pakistan has notified all financial institutions in the country that the previous ban on providing services to cryptocurrency firms has been lifted. However, according to the new regulations, banks are not allowed to use 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 2026,…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Firms
The central bank of Pakistan has officially lifted its ban on providing services to cryptocurrency businesses, 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 cryptocurrencies. This move follows the recent passage of the 2026 Virtual A…
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 ban on providing services to cryptocurrency firms, allowing banks and financial institutions to open accounts for licensed crypto providers. However, these institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold crypto assets. This move comes after the introduction of the 2026 Virtual Assets Ac…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Cryptocurrency Ban, Enables Banking Services for 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 crypto firms that have been approved under the newly established Virtual Asset Regulatory Authority (PVARA). While the ban has been lifted, banks are still not allowed to use their own funds or customer deposits to invest in, trade, or hold cryp…
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 announced the lifting of its seven-year ban on providing services to cryptocurrency 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 recent introduction of the Virtual Assets Act of 2026, which established the Pakistan Virtual Asset Regulatory…
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 businesses, 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 development follows the recent passage of the V…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Support Digital Asset Providers
In a recent development, the State Bank of Pakistan has lifted its seven-year ban on providing services to cryptocurrency firms. However, the new regulations stipulate that banks are prohibited from investing, trading, or holding digital assets using their own funds or customer deposits. This move comes after the enactment of the 2026 Virtual Assets Act, which established the Pakistan Virtual Ass…
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 businesses, allowing banks and financial institutions to open accounts for licensed crypto firms. However, these institutions are still barred 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…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Repeals 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 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 2026 Virtual Asset…
April 15, 2026, 1:01 p.m.