Pakistan prepares new bill to launch CBDC by 2025

To enable the prompt issue of a CBDC in the next three years, the State Bank of Pakistan enacted new legislation for Electronic Money Institutions – non-bank organisations that provide digital payment instruments.

EMIs will receive licences from the state bank, SBP, for CBDC issuing. Employing EMIs to advance the digital economy will protect financial institutions from cybersecurity risks.

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