Pakistan, July 30 -- The federal government has accelerated its efforts to adopt cryptocurrencies in Pakistan's banking and trade systems. During a high-level meeting held on Tuesday, officials discussed ways to integrate virtual currencies into financial operations. Banks, foreign exchange companies, and gold traders were briefed on how digital assets could benefit the economy by improving transparency and speeding up transactions.

Bilal Bin Saqib, CEO of the Pakistan Crypto Council and Special Assistant to the Prime Minister on blockchain, led the discussion. He highlighted how cryptocurrencies can revolutionize financial services and attract investment. The meeting also revealed that the State Bank of Pakistan (SBP) plans to issue lic...