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SBP Proposed a Policy for Adapting Digital Currencies and CBDC

  • SBP has proposed a package of policy proposals to legalize digital currencies such as cryptocurrency, digital rupee, and CBDC.
  • MPC announced an interest rate cut of 2.5% to provide liquidity in the domestic economy and support the digital asset market.
  • The proposed policy reversal marks a shift from Pakistan's previous anti-crypto stance, indicating a more pro-crypto approach.
  • The package includes the possibility of creating a digital rupee and developing a CBDC, in line with global trends.

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