Pakistan, led by the State Bank of Pakistan (SBP), is preparing for a trial run of a digital version of the Pakistani rupee.
The SBP aims to test the digital currency within the financial system, joining other countries exploring blockchain-backed currencies.
In addition to the CBDC pilot, SBP is finalizing legislation to regulate the digital asset space, establishing standards for crypto-related activities.
Pakistan's move towards digital currency follows the formation of the Pakistan Crypto Council (PCC), aiming to update financial infrastructure and align with global trends.