Pakistan Legalizes Crypto: SBP Lifts 2018 Banking Ban
In a historic move, the State Bank of Pakistan (SBP) has formally replaced the 2018 circular that banned banks from crypto dealings. Following the Virtual Assets Act 2026, banks can now legally provide infrastructure to PVARA-licensed firms. This opens a market of 220 million people to regulated digital assets, signaling a massive shift for regional institutional adoption.
Reference: Binance Square / SBP Circular No. 10 (April 15, 2026)
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