𝗔𝗿𝗼𝘂𝗻𝗱 𝟳𝟬 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗦𝗲𝗲𝗸 𝗟𝗶𝗰𝗲𝗻𝗰𝗲𝘀 𝘁𝗼 𝗢𝗽𝗲𝗿𝗮𝘁𝗲 𝗶𝗻 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻

Around 𝟳𝟬 𝗺𝗮𝗷𝗼𝗿 𝗴𝗹𝗼𝗯𝗮𝗹 𝗰𝗿𝘆𝗽𝘁𝗼 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲𝘀 have reportedly applied for licences to operate in Pakistan as the country moves toward a more regulated 𝗱𝗶𝗴𝗶𝘁𝗮𝗹-𝗮𝘀𝘀𝗲𝘁 𝗺𝗮𝗿𝗸𝗲𝘁. PVARA Chairman 𝗕𝗶𝗹𝗮𝗹 𝗕𝗶𝗻 𝗦𝗮𝗾𝗶𝗯 said authorities are also exploring the tokenisation of government debt and Roshan Digital Accounts, while PVARA and the State Bank are working on a 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻-𝗯𝗮𝘀𝗲𝗱 𝗿𝗲𝗺𝗶𝘁𝘁𝗮𝗻𝗰𝗲 𝘀𝘆𝘀𝘁𝗲𝗺 that could potentially reduce transfer costs from 𝟲.𝟯% 𝘁𝗼 𝟭% and generate significant savings. A 𝗦𝗵𝗮𝗿𝗶𝗮𝗵 𝗮𝗱𝘃𝗶𝘀𝗼𝗿𝘆 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 is also being developed alongside AML and CFT compliance measures, while Pakistan is pursuing regulatory cooperation with 𝗞𝗮𝘇𝗮𝗸𝗵𝘀𝘁𝗮𝗻 𝗮𝗻𝗱 𝗞𝘆𝗿𝗴𝘆𝘇𝘀𝘁𝗮𝗻 to strengthen its emerging digital-finance ecosystem.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.

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