🚨Pakistan is accelerating its cryptocurrency agenda with Binance and plans to tokenize $2 billion in state assets 🚀. The country has signed a memorandum of understanding (MoU) with Binance to explore the tokenization of state assets, including sovereign bonds, treasury bills, and commodity reserves.
- *Objective*: Modernize public financing channels and expand investor access through tokenized structures 💸.
- *Regulation*: The local regulator has granted preliminary approvals to Binance and HTX to begin the licensing process in the country 📈.
- *Sovereign stablecoin*: Pakistan plans to launch a sovereign stablecoin to back public debt and complement the development of a central bank digital currency (CBDC) pilot program 💡.
- *Digital strategy*: The country is determined to integrate blockchain technology as a pillar of its digital economy, leveraging its high local adoption rate and a coordinated strategy between the state and the private sector.
🔥 Pakistan accelerates cryptocurrency agenda
💡 Tokenization of state assets
👥 Cooperation between state and private sector
📈 Regulation and licensing of cryptocurrencies.
