Pakistan Eyes Regulated Virtual Assets for Economic Needs

Federal Minister for Finance, Senator Muhammad Aurangzeb, announced Pakistan's move towards a regulated virtual assets framework, emphasizing tokenization to meet real economic needs. This includes facilitating cheaper remittances, enhancing SME financing, managing sovereign debt, and broadening financial access. The Minister stressed supporting private innovation with strong state safeguards and international cooperation. While a long-term policy, successful implementation could potentially stabilize the PKR by improving remittance channels and boosting economic activity.

بحوالہ / Source: www.brecorder.com