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Pakistan Lifts 2018 Crypto Banking Ban For Licensed Virtual Asset FirmsThe State Bank of Pakistan (@StateBank_Pak) issued BPRD Circular Letter No. 10 on April 14, allowing regulated banks to open and maintain accounts for Virtual Asset Service Providers licensed by the Pakistan Virtual Asset Regulatory Authority (PVARA), and their customers. The move replaces the 2018 circular that effectively shut banks out of the crypto sector.The new framework comes off the back of the Virtual Assets Act 2026, which set ...