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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 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 2026 Virt…
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 companies, 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 cryptocurrencies. This move follows the introduction of the 2026 Virtual Assets Act, which establish…
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 companies, allowing banks to offer their services to these firms. However, banks are still not allowed to invest in, trade, or hold cryptocurrencies using their own funds or customer deposits. This move comes after the enactment of the 2026 Virtual Assets Act, which established the Pakistan…
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 Serve Crypto Firms
The State Bank of Pakistan has officially lifted its ban on crypto services, notifying all banks and financial institutions that they are allowed to provide services to cryptocurrency firms. However, they are still barred from using their own funds or customer deposits to invest, trade, or hold cryptocurrency assets. This move follows the recent enactment of the Virtual Assets Act of 2026, which …
April 15, 2026, 1:01 p.m.
Policy
Pakistan Ends Seven-Year Crypto Ban, Permitting Banks to Support Digital Asset Providers
The central bank of Pakistan has officially lifted its seven-year 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 cryptocurrencies. This move follows the recent passage …
April 15, 2026, 1:01 p.m.
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 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 banking services to cryptocurrency businesses, enabling banks to offer their services to these companies. However, the new regulations stipulate that banks are not permitted to invest in, trade, or hold cryptocurrencies using their own funds or customer deposits. This development follows the recent passage of the Vir…
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 businesses, notifying all banks and financial institutions that they are now allowed to offer services to these firms. However, banks are still restricted from using their own funds or customer deposits to invest, trade, or hold crypto assets. This move comes after the recent passage of the…
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 firms, notifying all banks and financial institutions of the change. However, banks 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 Assets Act, which established the Pakista…
April 15, 2026, 1:01 p.m.