Breaking: Pakistan Central Bank To Roll Out Digital Currency Pilot

Pakistan’s central bank, the State Bank of Pakistan (SBP), has announced plans to launch a pilot for a central bank digital currency (CBDC) as part of its ongoing efforts to modernize the country’s financial system.

Governor Jameel Ahmad confirmed the move at the Reuters NEXT Asia summit in Singapore on Wednesday. The initiative aligns with global trends, as various countries explore blockchain-based digital currencies through controlled trials.

Advertisement Advertisement

Pakistan Digital Currency Pilot

Governor Ahmad shared that the SBP is building its capacity for a central bank digital currency and is preparing to launch a pilot project soon. The bank also aims to finalize new legislation that will regulate virtual assets. The new law will set the groundwork for licensing and overseeing the virtual asset sector, offering a more structured approach to digital currencies and blockchain technologies.

The SBP’s digital currency pilot is set to play a significant role in modernizing Pakistan’s financial ecosystem.

Ahmad stressed the importance of managing risks while also exploring the potential opportunities that digital currencies offer. This move follows a broader effort by the Pakistan Crypto Council (PCC), a government-backed body formed earlier this year to promote virtual asset adoption.

This Is A Developing News, Please Check Back for More

Advertisement

✓ Share:

![](data:image/svg+xml,%3Csvg%20xmlns=')

此页面可能包含第三方内容,仅供参考(非陈述/保证),不应被视为 Gate 认可其观点表述,也不得被视为财务或专业建议。详见声明
  • 讚賞
  • 留言
  • 分享
留言
0/400
暫無留言
交易,隨時隨地
qrCode
掃碼下載 Gate APP
社群列表
繁體中文
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)