Mujeeb UR Rehman Welcomes Pakistan Crypto Shift

Pakistan Opens the Door to Crypto Banking After 7 Years — A Turning Point for Digital Finance

Mujeeb UR Rehman Bin Muhammad Saddique, a Digital Marketing & Blockchain Specialist, welcomes the State Bank of Pakistan’s decision to lift the seven-year restriction on crypto-related banking services. This step marks a clear shift in policy and shows a forward-looking approach toward financial innovation and digital transformation.

The State Bank of Pakistan (SBP) has now allowed commercial banks to provide services to Virtual Asset Service Providers (VASPs) that are licensed under the PVARA framework. This move gives legal clarity, builds trust, and creates a regulated pathway for businesses working in blockchain and digital assets. It also signals that Pakistan is ready to engage with the global digital economy in a structured and responsible way.

He said this decision will help unlock new opportunities for startups, investors, and technology professionals. It can attract foreign investment, improve financial inclusion, and support the growth of a transparent digital ecosystem. He added that blockchain technology has the potential to strengthen multiple sectors, including fintech, remittances, supply chain, and digital identity.

He also appreciated the leadership and efforts of Bilal Bin Saqib for promoting innovation and awareness in the blockchain space. At the same time, he acknowledged the role of SBP and regulatory frameworks like VARA and PVARA in shaping a safer and more compliant environment for crypto adoption.

“This is a strong and timely decision. If implemented with clear guidelines and proper compliance, it can position Pakistan as a competitive player in the global blockchain and crypto industry,” Mujeeb UR Rehman said.

He further expressed hope that this policy shift will encourage responsible innovation, protect users, and support long-term economic growth. He stressed the need for continuous collaboration between regulators, financial institutions, and technology experts to ensure a balanced and secure digital future.