Pakistan has lifted a ban on cryptocurrency banking and opened the market to licensed exchanges.
21.04.2026
Pakistani authorities have officially lifted a long-standing ban on cryptocurrency banking, paving the way for licensed exchanges to operate legally in the national market. The decision was made by the State Bank of Pakistan and supported by the country's Securities and Exchange Commission. Banks can now serve cryptocurrency companies and investors can legally purchase and store digital assets through licensed platforms.Under the new rules, all cryptocurrency exchanges are required to obtain an official license, meet anti-money laundering requirements and provide a high level of protection for user data. It is expected that at least 10 leading platforms will receive a license by the end of this year.Experts note that such a step can significantly increase the amount of investment in the country's digital economy. Analysts estimate that the cryptocurrency market in Pakistan could grow by 30% in the next 12 months. The authorities expect that legalization of the industry will attract new technology companies and create thousands of jobs.The introduction of a clear regulatory framework is also aimed at protecting consumer rights and minimizing risks associated with fraud and market volatility. In the coming weeks, it is planned to launch educational programs for the public on the safe use of digital assets.