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Pakistan
2026-07-08 23:28:14

Pakistan Ends 8-Year Crypto Banking Ban, Allows Licensed VASPs to Open Bank Accounts

The State Bank of Pakistan issued a circular on April 14, 2026, lifting the 2018 ban on banks servicing crypto firms. Licensed banks can now serve PVARA-licensed virtual asset service providers under strict conditions, including segregated accounts and compliance checks. This move, combined with the 2026 Virtual Assets Act, positions Pakistan among jurisdictions with full crypto regulatory infrastructure.

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Pakistan Ends 8-Year Crypto Banking Ban, Allows Licensed VASPs to Open Bank Accounts