Pakistan News

The IMF wants Pakistan to increase tax measures on crypto profits to secure a $3 billion bailout for its faltering economy.

Pakistan’s State Bank lauds Ripple’s XRP in its 2022 financial review, hinting at openness to innovations despite the nation’s current crypto trading ban. The State Bank of Pakistan (SBP) published its annual Financial Stability Review for 2022 in July, which…

Dr. Aisha Ghaus Pasha, Pakistan's Minister of State for Finance, declared on May 17 that the government has no plans to legalize cryptocurrency in the nation.

Pakistan could be on its way to comprehensive crypto regulations following an order from a High Court located in Sindh province on October 20. This order was in response to a petition from the local crypto community challenging the existing…

India continues to see-saw its stance toward cryptocurrencies. India Mulling Banning ‘Private’ Cryptocurrencies, Launching CBDC According to the Lok Sabha Bulletin published on January 29, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, aims to stop the trading…

Digipharm (DPH), has inked a partnership deal with Pakistan’s Social Healthcare Fund. The alliance aims to digitize the processes of the nation’s healthcare funds controlled by the National Safety Division, Bait-Ul-Mal, according to a press release on January 27, 2021.…

Authorities in the Khyber Pakhtunkhwa (KP) province of Pakistan has launched two state-owned bitcoin (BTC) mining farms. Pakistan, which used to have a harsh stance towards bitcoin and other cryptos just like India, is now embracing the revolutionary digital asset…

Pakistan is set to become the latest country to legalize crypto as the nation moves forward with its digitization agenda. The news marks a landmark decision for a country that like its neighbor India has a history of anti-cryptocurrency regulations.…

An official source shows the Pakistani financial regulator is working toward regulating cryptocurrencies. Pakistan Developing Crypto Regulatory Framework According to a report by Finance Magnets, Pakistan’s financial regulator – the Securities and Exchange Commission of Pakistan (SECP) – is working…

According to a Crowdfund Insider report published on September 8, 2019, major Pakistani bank, Faysal Bank Limited (FBL) has partnered with fintech firm, Ripple Inc. to launch a blockchain-powered digital payments solution. Enabling a Blockchain Economy One of Pakistan’s largest…

According to a press release published on January 8, 2019, Pakistan’s telecommunications company Telenor, in association with Valyou, has successfully launched a blockchain-enabled cross-border remittance service. Notably, the service is powered by distributed ledger technology (DLT) developed by Alipay. Rapid…

The Reserve Bank of India (RBI) recently banned banks from working with individuals or businesses dealing with digital currencies. On April 6, 2018, the State Bank of Pakistan (SBP) followed in same footsteps. The SBP mentioned in a separate statement…