#CryptoUpdates" Pakistan

📰 Major breaking development (April 2026)

1. 🇵🇰 Crypto is now entering the formal banking system

The State Bank of Pakistan (SBP) has allowed banks to open accounts for crypto companies.

This ends the 2018 ban on banking access for crypto firms.

Only licensed companies can use banking services.

👉 This is HUGE because:

Before: crypto existed but was unofficial / restricted

Now: it is becoming regulated and integrated

⚖️ 2. New law: Virtual Assets Act (2025–2026)

Pakistan passed the Virtual Assets Act creating a full legal framework.

It established the regulator:

👉 Pakistan Virtual Assets Regulatory Authority

What PVARA does:

Licenses crypto exchanges & companies

Enforces AML (anti-money laundering) rules

Supervises the digital asset market

🏛️ 3. Government institutions supporting crypto

Pakistan Crypto Council

Created in 2025 to build crypto policy

Works with SBP, SECP, and global experts

👉 Goal:

Make Pakistan a regulated crypto hub in South Asia

🌍 4. Partnerships with global crypto players

Pakistan is actively collaborating internationally:

Partnership with Binance

→ Plan to tokenize up to $2 billion in assets

Cooperation with global firms on:

Stablecoins for remittances

Blockchain infrastructure

💸 5. Stablecoins & cross-border payments

Pakistan is exploring USD-backed stablecoins

Aim: cheaper and faster remittances (very important for Pakistan)

👉 This could:

Reduce reliance on traditional banking

Improve overseas payments

⚡ 6. Bitcoin mining & digital infrastructure

Government allocated 2000 MW electricity for:

Bitcoin mining

AI data centers

👉 Strategy:

Use surplus energy

Attract foreign investment

🪙 7. Digital currency (CBDC) plans

SBP is working on a central bank digital currency (CBDC) pilot

👉 This means:

A digital rupee may come in future

🔐 8. Important restrictions still in place

Even with progress:

Banks cannot invest in crypto themselves

Strict compliance & monitoring required

Only licensed entities allowed.