Pakistan, April 22 -- State Bank of Pakistan has lifted the eight-year-old ban on crypto banking, marking a major policy shift. The decision allows limited banking access for licensed crypto companies. Officials say this move aims to regulate rather than fully adopt cryptocurrency trading.

Moreover, Minister of State for Blockchain and Crypto Bilal Bin Saqib confirmed the development. He said Pakistani banks can now open accounts for licensed crypto firms. However, he clarified that this access comes under strict regulatory conditions.

In addition, he explained that previously crypto companies had no formal link with the banking sector. Now, the new framework allows controlled interaction between banks and approved crypto businesses. Th...