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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 Support Digital Asset Providers
The State Bank of Pakistan has officially lifted its 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 digital assets. This move follows the recent passage of the Virtual Assets Act of …
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The central bank of Pakistan has officially lifted its seven-year ban on providing services to cryptocurrency companies, informing all banks and financial institutions in the country of the change. However, under the new regulations, banks are restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This development follows the recent introduc…
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 firms, allowing banks and financial institutions to open accounts for companies licensed under the new Virtual Assets Act. However, these institutions are still barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency. The new regulations permit banks to provi…
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 services to cryptocurrency firms, notifying all banks and financial institutions of the change. 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 recent passage of the 2026 Virtual Assets Act, which established th…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Firms
The State Bank of Pakistan has officially lifted its ban on providing services to cryptocurrency companies, allowing banks to open accounts for crypto firms licensed under the newly established Virtual Asset Regulatory Authority. However, banks are still restricted from using their own funds or customer deposits to invest in, trade, or hold cryptocurrency. This decision follows the recent enactme…
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 longstanding ban on providing services to cryptocurrency businesses, issuing a notification 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 cryptocurrency assets. This development follows the recent …
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes Seven-Year Restriction on Banks Serving Crypto Providers
The State Bank of Pakistan has officially notified all banks and financial institutions that the long-standing ban on providing services to cryptocurrency companies has been lifted. 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 recent introduction of the…
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 announced that it is lifting the ban on banks providing services to cryptocurrency companies. However, banks are still not allowed to invest in, trade, or hold cryptocurrency using their own funds or customer deposits, as per the new regulations. This move follows the recent introduction of the Virtual Assets Act 2026, which established the Pakistan Virtual Asset Re…
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 banking services to cryptocurrency businesses, allowing regulated financial institutions to open accounts for licensed virtual asset service providers. However, these institutions are strictly barred from using their own funds or customer deposits to invest in, trade, or hold cryptocurrencies. This move follows the r…
April 15, 2026, 1:01 p.m.