From Daily Times · Sajid Salamat · · 1m 10s
Digital Assets Shift Pakistan's Financial Control
Pakistan must balance foreign digital money with state control to avoid financial fragmentation.
In brief
Pakistan must balance foreign digital money with state control to avoid financial fragmentation. Pakistan needs to set boundaries on foreign digital assets before adoption deepens reliance, ensuring state control over critical financial systems. Originally reported by Daily Times.
Digital assets' new role
Digital assets are becoming part of money, securities and collateral dynamics, shifting from supervision to control.
Three digital asset categories
Crypto assets like bitcoin, digital money including stablecoins and tokenised deposits, and tokenised financial instruments.
State control pressure points
Digital assets pressure state control over money, financial infrastructure, and enforcement of financial rules.
Foreign digital money risks
Dollar-linked stablecoins allow users outside the us banking system to hold and move dollar value globally.
Infrastructure dependency
Relying on foreign digital infrastructure deepens dependency on legal regimes and governance.
State Bank's role
The state bank allows banks to serve pakistan virtual assets service providers and is formulating policy for digital asset alignment.
Pakistan's digital asset progress
Pakistan passed the virtual assets act in march 2026, signed an mous on us dollar stablecoin, and explores rupee stablecoin and cbdc.
Here's the gist
Pakistan needs to set boundaries on foreign digital assets before adoption deepens reliance, ensuring state control over critical financial systems.
