Pakistan Rescinds Crypto Banking Ban After Strategic Partnerships
- Pakistan lifted an eight-year ban on crypto banking, allowing financial institutions to serve registered crypto firms.
- Banks can now support crypto companies but are prohibited from trading or holding digital assets themselves.
- The policy change aligns with the Virtual Assets Act of 2026, which provides a regulatory framework for the industry.
- Partnerships with World Liberty Financial and Binance aim to expand crypto adoption in Pakistan.
- The Trump family’s involvement includes a stablecoin project focused on cross-border payments.
This policy shift marks a significant move towards integrating digital assets into Pakistan’s financial system, facilitated by strategic partnerships with key players like World Liberty Financial and Binance. Banks will play a crucial role in supporting registered crypto firms while ensuring compliance with local regulations on money laundering and risk protection.
By lifting the ban, Pakistan aims to accelerate the adoption of cryptocurrencies in its economy, leveraging partnerships that include initiatives such as tokenizing $2 billion in assets through Binance and facilitating cross-border payments using stablecoins from World Liberty Financial. Source
