{"id":70993,"date":"2022-12-05T14:48:50","date_gmt":"2022-12-05T12:48:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70993"},"modified":"2025-09-08T05:29:33","modified_gmt":"2025-09-08T02:29:33","slug":"pakistan-plans-to-launch-cbdc-by-2025","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/pakistan-plans-to-launch-cbdc-by-2025\/","title":{"rendered":"Pakistan plans to launch CBDC by 2025."},"content":{"rendered":"<p>The State Bank of Pakistan has announced plans to launch a national digital currency (CBDC) by 2025 to boost financial inclusion and curb corruption, according to <a href=\\\"https:\/\/www.arabnews.pk\/node\/1476496\/pakistan\\\">Arab News<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>As part of the initiative, the central bank unveiled rules for non-bank institutions licensed to issue electronic money.<\/p>\n<p>\\n\\n<\/p>\n<p>The standards, developed jointly with the World Bank, also cover anti-money laundering and counter-terrorism financing measures, consumer protection, a complaints mechanism, and regulatory reporting.<\/p>\n<p>\\n\\n<\/p>\n<p>Pakistan&#8217;s Finance Minister Asad Umar noted rising cybersecurity threats and the need to digitally protect financial institutions.<\/p>\n<p>\\n\\n<\/p>\n<p>On 1 December, India, which borders Pakistan, launched a pilot project for <a href=\"https:\/\/forklog.com\/en\/news\/india-to-pilot-retail-cbdc-in-december\">testing the retail digital rupee<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, in August, Nigeria&#8217;s central bank governor Godwin Emefiele said that the volume of digital naira transactions had surpassed $9.3 million.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog\u2019s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The State Bank of Pakistan announced plans to launch a national digital currency (CBDC) by 2025 to boost financial inclusion and curb corruption.<\/p>\n","protected":false},"author":1,"featured_media":70994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1774],"class_list":["post-70993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-pakistan"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=70993"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70993\/revisions"}],"predecessor-version":[{"id":70995,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70993\/revisions\/70995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/70994"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=70993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=70993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=70993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}