Pakistan proposal could pave the way for legal tender status for crypto?

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pmbug

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The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act to allow dual nationals to serve as governor and deputy governors of the central bank and to legalise digital currency use in Pakistan. If approved by the federal cabinet and then by Parliament, the use of cryptocurrencies and digital currencies like Bitcoin could become legal tender - a shift from the SBP's traditionally cautious stance on such currencies.
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tribune.com.pk

Govt proposes changes to SBP Act | The Express Tribune

Aims to enable dual nationals to hold leadership roles, legalise digital currency
tribune.com.pk tribune.com.pk

I didn't read the actual proposals, but it seems likely to me that the proposals were intended to provide authority for a CBDC and not decentralized crypto. I can't imagine that Pakistan suddenly became so progressive on monetary policy.
 
Pakistan is known for dirty samdals and hairy women not cutting edge finance.
 
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