Pakistan Set to Launch Digital Currency Trial, Central Bank Governor Confirms

On Jul 9, 2025 at 4:15 pm UTC by · 2 mins read

Pakistan plans to launch a digital currency pilot as part of broader crypto reforms. New legislation aims to strengthen regulation and licensing.

Pakistan is preparing to launch a pilot program for a potential digital currency as part of its wider digital finance reform efforts. This initiative comes amid the finalization of legislation governing the use of crypto assets in the country.

Central Bank Governor Jameel Ahmad revealed on July 9 at the Reuters NEXT Asia summit in Singapore that Pakistan is working on its ability to develop a central bank digital currency, with plans to launch a pilot program in the near future.

Governor Ahmad stated that the new legislation will help “lay down the foundations for the licensing and regulation” of the virtual assets sector.

Speaking on a panel alongside Sri Lanka’s central bank governor, P. Nandalal Weerasinghe, he also confirmed that Pakistan’s central bank is working with several technology partners.

Bilal bin Saqib, Pakistan’s state minister for blockchain and crypto, announced that the government has passed the “Virtual Assets Act, 2025,” which establishes an independent authority responsible for licensing and regulating the cryptocurrency industry.

With this move, Pakistan joins other nations like Nigeria and India in exploring central bank digital currencies and assessing their effectiveness through pilot programs.

Pakistan’s Stance on Cryptocurrency

In 2022, Pakistan enacted the Electronic Money Institution law, considered a crucial step before launching a CBDC in 2025.

The legislation aims to license and regulate Electronic Money Institutions (EMIs), ensuring that these non-bank entities obtain the necessary authorization before issuing e-Money for digital payment services.

Pakistan has recently taken steps toward cryptocurrency adoption. Bilal bin Saqib met with Michael Saylor, Executive Chairman of MicroStrategy, to explore the possibility of creating national Bitcoin reserves, with Saylor offering advisory support.

Prior to that, Saqib was in different meetings with Brandon Lutnick, the Chairman and CEO of Cantor Fitzgerald, a global financial services firm and New York City Mayor Eric Adams to discuss Bitcoin’s role in the country.

Share:

Related Articles

Dogecoin Price Surges Past $0.17 as Triple Bottom Pattern Signals 130% Upside Potential

By July 9th, 2025

Dogecoin trades at $0.1758 after breaking $0.17 psychological resistance, forming a triple bottom pattern with $0.40 breakout potential. Open interest surged $130 million as long/short ratios favor bullish continuation across major exchanges.

HBAR Price Tests Critical $0.18 Resistance: Can Bulls Break Through?

By July 9th, 2025

Hedera’s HBAR token gained over 5% following Grayscale’s inclusion in its Smart Contract Platform Fund, representing 5.8% of the portfolio. Technical analysis suggests potential for further gains to $0.28 if key resistance levels are breached.

Snaky Way ($AKE) Aims to Break the Meme Coin Mold With AI and Gaming Utility

By July 9th, 2025

AI bots, retro gaming, and seven blockchains—Snaky Way ($AKE) is a meme coin with real utility and a presale price too low to ignore.

Exit mobile version