Pakistan Legalizes Crypto (But With Strict Rules) ๐ต๐ฐ
Today Pakistan has taken a big step โ crypto is now officially legal! But this legalization comes with very strict conditions.
Background:
Back in 2018, the State Bank of Pakistan (SBP) banned crypto.
โ Banks & institutions were not allowed to deal with crypto.
โ Payments, trading, and exchanges were strictly prohibited.
Since then, Pakistanis could only watch global โcrypto adoptionโ from the sidelines.
Todayโs Announcement:
โ The 2018 ban has been withdrawn
โ A Digital PKR (CBDC) is being launched
โ But crypto cannot be used for payments or free investment
Whatโs Allowed?
โ๏ธ You can hold and transfer Digital PKR under SBP regulations
โ๏ธ It can be used in fintech projects and remittances
Whatโs Banned?
โ You cannot shop with $BTC / $ETH
โ Altcoin trading is not freely allowed
โ Normal investment in crypto wonโt be possible
Bottom Line:
This is a controlled legalization, not full adoption.
Pakistan has opened the doors to crypto, but the keys are still held tightly by the State Bank.
๐ The big question is:
Is this the first step toward full legalization?
Or just a way to keep crypto under strict state control?
