Pakistan allows banks to serve licensed crypto firms after years-long ban
Burns Brief
Pakistan’s central bank has allowed banks to open accounts for licensed virtual asset service providers, ending years of restrictions and marking a shift toward a regulated framework The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
Pakistan’s central bank has allowed banks to open accounts for licensed virtual asset service providers, ending years of restrictions and marking a shift toward a regulated framework.
Key Takeaways
- Pakistan’s central bank has allowed banks to open accounts for licensed virtual asset service providers, ending years of restrictions and marking a shift toward a regulated framework