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🇵🇰 Pakistan Makes Facial Scans Mandatory for Foreign Currency Exchange from Jan 1, 2026
Pakistan is rolling out a major upgrade to its forex security system. The State Bank of Pakistan (SBP) has officially directed all exchange companies to verify customers using facial recognition in addition to thumb and fingerprint scans.
This means that starting January 1, 2026, every individual buying or selling foreign currency will have to pass a dual biometric verification system.
🔹 What’s New?
According to the SBP circular:
The Ministry of Interior & Narcotics Control has instructed Nadra to integrate facial recognition into all biometric services.
Exchange companies must adopt this feature before the deadline.
Administrative and technical preparations must start immediately.
🏦 Current Verification System
Exchange companies already:
Use Nadra’s live system to verify thumbprints & fingerprints
Maintain CCTV footage for 6 months
Follow SBP’s KYC and anti-money-laundering protocols
Adding facial scans will help build a more uniform, tamper-proof verification process.
🔐 Why This Matters
▪︎Prevents identity fraud in currency transactions
▪︎Reduces illegal forex activity
▪︎Enhances transparency & compliance
▪︎Aligns Pakistan with global verification
standards
▪︎Boosts confidence in regulated exchange
companies
📌 Bottom Line
This move marks a major step toward a more secure and transparent forex market. With facial recognition becoming mandatory from Jan 1, 2026, customers should expect stricter but faster verification when buying or selling foreign currency in Pakistan.
#PakistanEconomy #SBP #ForexMarket #CurrencyExchange #Nadra #BiometricVerification #BinanceSquare #DigitalPakistan #KYC
Pakistan is rolling out a major upgrade to its forex security system. The State Bank of Pakistan (SBP) has officially directed all exchange companies to verify customers using facial recognition in addition to thumb and fingerprint scans.
This means that starting January 1, 2026, every individual buying or selling foreign currency will have to pass a dual biometric verification system.
🔹 What’s New?
According to the SBP circular:
The Ministry of Interior & Narcotics Control has instructed Nadra to integrate facial recognition into all biometric services.
Exchange companies must adopt this feature before the deadline.
Administrative and technical preparations must start immediately.
🏦 Current Verification System
Exchange companies already:
Use Nadra’s live system to verify thumbprints & fingerprints
Maintain CCTV footage for 6 months
Follow SBP’s KYC and anti-money-laundering protocols
Adding facial scans will help build a more uniform, tamper-proof verification process.
🔐 Why This Matters
▪︎Prevents identity fraud in currency transactions
▪︎Reduces illegal forex activity
▪︎Enhances transparency & compliance
▪︎Aligns Pakistan with global verification
standards
▪︎Boosts confidence in regulated exchange
companies
📌 Bottom Line
This move marks a major step toward a more secure and transparent forex market. With facial recognition becoming mandatory from Jan 1, 2026, customers should expect stricter but faster verification when buying or selling foreign currency in Pakistan.
#PakistanEconomy #SBP #ForexMarket #CurrencyExchange #Nadra #BiometricVerification #BinanceSquare #DigitalPakistan #KYC
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Worldcoin, co-founded by OpenAI CEO Sam Altman, has officially launched in the United States, introducing its biometric-based digital identity system aimed at distinguishing humans from AI bots. The initiative involves physical storefronts where users can undergo iris scans using the "Orb" device to obtain a World ID, a self-sovereign digital identity stored on the blockchain. This "proof of personhood" approach seeks to enhance online identity integrity while preserving user anonymity. The U.S. launch marks a significant step in Worldcoin's global expansion, reflecting its ambition to create an inclusive financial network rooted in verified human identities.
#Worldcoin #DigitalIdentity #BiometricVerification #ProofOfPersonhood #BlockchainInnovation
#Worldcoin #DigitalIdentity #BiometricVerification #ProofOfPersonhood #BlockchainInnovation
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Worldcoin announces the launch of 'orbs' in the US: a new era of biometric verification
The Worldcoin project, founded by Sam Altman, has announced an ambitious launch of 7,500 'orbs' in the US by the end of 2025. These iris-scanning devices are designed for biometric verification of users, which is the foundation of the Worldcoin ecosystem. The rollout will begin in six key cities, including San Francisco, Los Angeles, and Atlanta, with a focus on mass user engagement. This was reported by CoinDesk, citing official project statements.
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