Pakistan Advances National Digital Asset Framework in Key Consultation with SBP, Major Banks, and Binance

Tech

Pakistan Advances National Digital Asset Framework in Key Consultation with SBP, Major Banks, and Binance

In a high-level consultation on Pakistan‘s national digital asset framework, senior leadership from the State Bank of Pakistan, chief executives from major domestic banks, and Binance co-CEO Richard Teng convened to map the path toward a secure and compliant digital asset ecosystem. The discussion centered on establishing responsible on/off-ramp infrastructure, aligning with global AML/CFT standards, and enhancing governance to foster lasting innovation within the country’s financial system.

Participants highlighted a pragmatic roadmap to formalize the regulatory framework, emphasizing risk-managed supervision, robust KYC and enhanced market transparency. By prioritizing regulatory clarity, cross-border cooperation, and scalable controls, the meeting aimed to support credible rollout of digital assets while safeguarding consumer protection and financial stability.