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Pakistan proposes to amend the SBP bill to allow the country's central bank to issue a CBDC

The Pakistani government's proposal to amend the SBP Act, or herald its attempt to legalize cryptocurrencies, marks a shift in the country's financial policy. The amendment will allow the Central Bank of Pakistan (SBP) to issue digital currencies and manage the country's currency in both physical and digital forms, in addition to granting the SBP the authority to conduct CBDC operations,...

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2024-11-04 10:03:50
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