The Pakistani regulations warrant preventive measures against money laundering and terror financing while considering consumer protection and reporting requirements.

cross-posted from: https://exploding-heads.com/post/65568

The State Bank of Pakistan (SBP) signed in new laws for Electronic Money Institutions (EMIs) — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years. The World Bank helped Pakistan design the new regulations, according to local media Arab News.