Pakistan Moves to Recognize Digital Currency as Legal Tender

The Pakistani government has proposed amendments to the State Bank of Pakistan (SBP) Act to include central bank digital currencies (CBDCs) as legal tender. This would allow the central bank to issue, regulate

, and manage digital currency in both digital and physical formats. The amendments expand the scope of Section 24 to include digital issuance, strengthening the regulation of digital currencies in the country.

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