Pakistan signs deal with WLFI-linked crypto business for cross-border payments
PositiveCryptocurrency
- Pakistan has signed a deal with a WLFI-linked cryptocurrency business to explore the integration of a dollar-backed stablecoin into its regulated payments system, marking a significant step in the country's digital currency initiatives.
- This agreement is part of Pakistan's broader strategy to formalize its cryptocurrency landscape, which includes granting preliminary approvals to major exchanges like Binance and HTX, thereby enhancing the regulatory framework for digital assets.
- The move reflects a growing recognition of the potential of cryptocurrencies and blockchain technology in transforming Pakistan's financial infrastructure, as government officials emphasize the importance of these innovations in establishing a modern economic framework.
— via World Pulse Now AI Editorial System
