The Governor of the State Bank of Pakistan says a digital currency pilot will be launched.

According to Reuters, the Governor of the State Bank of Pakistan, Jameel Ahmad, said on Wednesday that the State Bank of Pakistan is preparing to launch a digital currency pilot and is finalizing legislation to regulate virtual assets, as the country steps up efforts to modernize its financial system. He discussed South Asian monetary policy challenges with the Governor of the Central Bank of Sri Lanka, saying that the new law will lay the foundation for the licensing and regulation of the virtual asset industry, and the central bank has contacted some technology partners. He stressed that risks and opportunities coexist in this emerging field, and risks need to be carefully assessed and managed while seizing opportunities. On the same day, Pakistan's Minister of State for Blockchain and Cryptocurrency Affairs stated that the government has approved the "Virtual Asset Act of 2025," which will establish an independent agency to regulate the cryptocurrency industry. [ChainCatcher]