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State Bank of Pakistan takes historic step toward cryptocurrencies
Meanwhile, as buyers of Bitcoin and
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Meanwhile, as buyers of Bitcoin and Ethereum are reluctant to act further, having paused purchases around annual highs, the State Bank of Pakistan has taken a historic step, for the first time since 2018, allowing commercial banks to interact with cryptocurrency companies. This resolution opens the door for banks to open accounts for crypto firms, but only after thorough verification and confirmation of their licenses. The move is seen as a significant impulse toward legalization of the crypto market in Pakistan,
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