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Pakistan Ends Seven-Year Crypto Banking Ban but Bars Trading by Banks
Pakistan has ended a seven-year ban that blocked banks from servicing crypto businesses, opening the door for regulated access to a market that already counts tens of millions of local traders. The move sets clear limits: banks can support licensed crypto providers but cannot trade, invest in or hold digital assets themselves. The State Bank of Pakistan (SBP) notified all banks and financial institutions that they may now provide services to virtual asset service providers, or VASPs, that hold licenses from the Pakistan Virtual Asset Regulatory Authority (PVARA). The decision replaces the 2018 blanket ban on ... (full story)
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