In an important step towards legal recognition of digital assets, the State Bank of Pakistan has submitted new policy proposals for the regulation of digital currencies. These proposals would allow state-owned banks to issue digital currencies and impose criminal sanctions against unauthorized crypto trading. If these changes are approved, it is stated that Pakistan can issue a digital currency and crypto asset trading can be put into a legal framework.
On the other hand, the Monetary Policy Committee cut interest rates while giving positive signals in the country's economy. Thanks to the decline in food inflation and the optimistic course in global energy costs, Pakistan's economic growth prospects are expected to follow a more positive course in the coming period. These steps may start a transformation in Pakistan in terms of digital payment systems and the regulation of crypto assets.
