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(Kitco News) – The push to develop and launch a central bank digital currency (CBDC) continues to gain traction in countries around the world, with Pakistan being the latest to announce new regulations allowing the launch of a digital Pakistani rupee (PKR). . by 2025.

According to a report published by local outlet Arab News, the State Bank of Pakistan (SBP) has enacted laws for Electronic Money Institutions (EMI) as part of its goal to issue a digital currency within the next three years.

EMIs are non-bank entities that will be licensed by the State Bank of Pakistan (SBP) for…