Pakistan's crypto push clouded by Islamic edict, regulator asks for clarification
Pakistan's Crypto Push Clouded by Islamic Edict
Purely speculative tokens with no underlying asset are a separate matter, and "the scholars' concerns there must be taken seriously," he said.
"We will continue working closely with our scholars as Pakistan develops its licensing framework and advances work on stablecoins and real-world asset tokenisation," he said.
"Pakistan has the opportunity to lead the world in Shariah-compliant digital finance, and that leadership must be built with our scholars."
This article has been published in reuters.com via Yahoo News.
Pakistan's crypto push clouded by Islamic edict, regulator asks for clarification
Pakistan's virtual assets regulator has asked the country's top Islamic seminary to draw a distinction between speculative cryptocurrencies and asset-backed digital tokens, its chief said on Wednesday. Bilal bin Saqib, chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), told...
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