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CryptoSat

🇵🇰 Pakistan’s central bank just reversed its 2018 ban.


Banks are now allowed to open accounts for licensed crypto companies
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PublicBlockchainUnderTheAurora
· 16h ago
Pakistan already has a high demand for remittances, and compliant crypto channels could have a significant market.
View OriginalReply0
QuietRabbitInTheWoods
· 04-16 11:03
Hopefully, it's not just giving the green light to a few licensed players; ordinary startup teams also need a way forward.
View OriginalReply0
TAKD
· 04-15 12:42
Thanks again
Reply0
HotAirBalloonCrossingMountains
· 04-15 10:45
Being able to open a bank account is crucial; without fiat currency channels, it's difficult to grow the user base regardless of how many users there are.
View OriginalReply0
DustyLedgerKid
· 04-15 10:17
The ban in 2018 was lifted, indicating a shift in policy direction; now it depends on how licenses and taxes are implemented.
View OriginalReply0
DaoSideQuest
· 04-15 09:56
This round can be considered an official easing.
View OriginalReply0
SlothSignal
· 04-15 09:55
The next step depends on whether the central bank will simultaneously introduce regulatory sandboxes, custody rules, and audit requirements; only when the compliance chain is complete will it be considered a real turning point.
View OriginalReply0
TheWindBeneathTheCyberBridge
· 04-15 09:45
Finally moving from a one-size-fits-all approach to regulation, benefiting local compliant exchanges.
View OriginalReply0
AuroraStone
· 04-15 09:44
The most direct benefit for users: smoother deposits and withdrawals, and a lower risk of running away with funds.
View OriginalReply0
MarginMoth
· 04-15 09:43
If the scenarios of stablecoin deposits and withdrawals, corporate settlements, and others are unlocked, the growth potential is quite significant.
View OriginalReply0
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