Pakistan’s Digital Rupee is Coming! đŸš€đŸ‡”đŸ‡°

Hey crypto fam! Exciting times ahead for Pakistan! The State Bank of Pakistan is diving into the future with its first-ever Digital Rupee pilot, set to launch later this year, and guess what? They’re teaming up with Japan’s blockchain wizards at Soramitsu to make it happen! 🙌

Here’s the tea:

This pilot is backed by Japan’s Ministry of Economy, Trade & Industry under their Global South Future-Oriented Co-Creation Project. 💾

The goal? Faster payments, better financial inclusion, and cutting those crazy cash distribution costs, especially in rural areas where cash is still king. 🏩

Soramitsu’s platform is no newbie—it’s already powered Cambodia’s Bakong digital currency and pilots in Papua New Guinea and Solomon Islands. Now, it’s ready to handle Pakistan’s massive 250M population! 😎

Big win: They’re working on offline transactions so you can pay with your smartphone even without internet. Perfect for Pakistan’s spotty connectivity! đŸ“±

The State Bank isn’t stopping there. They’ve got the Virtual Assets Act 2025 in play, with a new regulator (PVARA) to license and oversee virtual assets. Plus, a Shariah Advisory Committee to keep things halal. 🕌 And yes, Pakistan’s even chatting with global crypto giants (including our very own Binance 😉) to boost the ecosystem.

This is huge for financial inclusion and modernizing Pakistan’s economy. Imagine faster, cheaper, and more accessible payments for everyone! đŸ’Ș What do you think, fam? Is the Digital Rupee a game-changer? Drop your thoughts below, and let’s talk about where Pakistan’s crypto journey is headed! 🚀

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