Pakistan

Blockchain adoption in Central and South Asia: Paving the way for technological progress
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21 August, 2023

Blockchain adoption in Central and South Asia: Paving the way for technological progress

Despite the potential of blockchain, its adoption rate in areas like Central and South Asia has yet to reach its...
Pakistan’s central bank confirms CBDC development, seeks to catch up with industry pioneers
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26 July, 2023

Pakistan’s central bank confirms CBDC development, seeks to catch up with industry pioneers

The State Bank of Pakistan’s CBDC pilot is expected to be carried out in stages, roping in the Pakistani commercial...
No to ‘crypto,’ yes to AI: Pakistan to train 1 million in AI as it prepares digital asset ban
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30 May, 2023

No to ‘crypto,’ yes to AI: Pakistan to train 1 million in AI as it prepares digital asset ban

Pakistan wants to lead artificial intelligence adoption and said it will train 1 million IT graduates in AI by 2027,...
Pakistan set to impose blanket ban on digital currencies
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25 May, 2023

Pakistan set to impose blanket ban on digital currencies

Part of the conditions set by the Financial Action Task Force to remove Pakistan from its “grey list” was the...
Pakistan banks to develop blockchain-based eKYC platform
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10 March, 2023

Pakistan banks to develop blockchain-based eKYC platform

eKYC platform Consonance will rely on blockchain to provide banks and financial institutions with a standardized framework to carry out...
Pakistan draws up laws in preparation for CBDC launch in 2025
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9 December, 2022

Pakistan draws up laws in preparation for CBDC launch in 2025

Pakistan is set on launching its CBDC by 2025, releasing new guidelines—with help from World Bank—for non-bank entities to aid...