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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Moussa by Moussa
November 5, 2024
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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender
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Pakistan Digital Currency Reforms Set Path for CBDC as Legal TenderThe Pakistani government has proposed amendments to the State Bank of Pakistan (SBP) Act to recognize central bank digital currencies (CBDCs) as legal tender. These changes would authorize the central bank to issue, regulate, and manage digital currency in both digital and physical forms. The amendments expand Section 24 to include digital issuance alongside traditional […]



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