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Pakistan opens the banking sector to digital currencies on a limited basis after an 8-year ban!
The Pakistani central bank announced that it will allow banks to open accounts for licensed companies in the field of digital currencies, in a move that ends a ban imposed since 2018.
Banks are required to verify licenses, while keeping customer funds in separate, non-interest-bearing accounts denominated in rupees.
Banks also remain responsible for the necessary auditing procedures and are prohibited from using customer funds to hold digital currencies.
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