{"id":94142,"date":"2023-07-10T13:27:24","date_gmt":"2023-07-10T08:27:24","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=94142"},"modified":"2023-07-10T13:27:26","modified_gmt":"2023-07-10T08:27:26","slug":"first-digital-currency-pakistan-launching-soon","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/first-digital-currency-pakistan-launching-soon.html","title":{"rendered":"Pakistan\u2019s first-ever digital currency to spring up under SBP\u2019s banner"},"content":{"rendered":"\n<p>Islamabad: The State Bank of Pakistan (SBP) is all set to mark a new beginning with an anticipated launch of the first-ever digital currency of Pakistan soon, according to news published on July 8.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sbp-reserves-increase-to-usd-4-5-bn.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP\u2019s reserves soar to USD 4.5 bn; data released<\/a><\/p>\n\n\n\n<p>As per the details, the SBP will go for the pilot launch of the first digital currency of Pakistan once the required groundwork is completed. It was revealed that it is a part of SBP\u2019s five-year strategy \u2018SBP Vision 2028\u2019. This move comes after the SBP declared other cryptocurrencies illegal in the country.<\/p>\n\n\n\n<p>SBP Deputy Governor Sima Kamil shared that the sandbox will be launched in the coming months in a controlled environment for testing innovative services, products, and business models. She clarified that Central Bank Digital Currencies (CBDCs) are distinct from cryptocurrencies. She went on to highlight that CBDCs are more secure in comparison to cryptocurrencies. The main purpose of CBDCs is to complement existing physical cash and traditional forms of electronic money.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sbp-interest-rate-300-bps.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP hikes interest rate by 300 bps, highest in 3 decades<\/a><\/p>\n\n\n\n<p>So far, Nigeria, Jamaica, and the Bahamas have already launched their CBDCs, while several other countries including China, India, Saudi Arabia, France, Ghana, Canada, and Uruguay have initiated pilot programs for their digital currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan&#8217;s first-ever digital currency is soon to be launched by the State Bank of Pakistan (SBP)&#8230;..<\/p>\n","protected":false},"author":83,"featured_media":76276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[57188,21853],"persona":[],"class_list":{"0":"post-94142","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-pakistans-first-ever-digital-currency-to-spring-up-under-sbps-banner","9":"tag-state-bank-of-pakistan-sbp","10":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First Digital Currency of Pakistan Launching Soon- Zameen News<\/title>\n<meta name=\"description\" content=\"The State Bank of Pakistan (SBP) is all set to mark a new beginning with an anticipated launch of the first digital currency of Pakistan.....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/first-digital-currency-pakistan-launching-soon.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Digital Currency of Pakistan Launching Soon- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The State Bank of Pakistan (SBP) is all set to mark a new beginning with an anticipated launch of the first digital currency of Pakistan.....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/first-digital-currency-pakistan-launching-soon.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-10T08:27:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-10T08:27:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/SBP-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Iqra Masood\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iqra Masood\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"First Digital Currency of Pakistan Launching Soon- Zameen News","description":"The State Bank of Pakistan (SBP) is all set to mark a new beginning with an anticipated launch of the first digital currency of Pakistan.....","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/first-digital-currency-pakistan-launching-soon.html","og_locale":"en_US","og_type":"article","og_title":"First Digital Currency of Pakistan Launching Soon- Zameen News","og_description":"The State Bank of Pakistan (SBP) is all set to mark a new beginning with an anticipated launch of the first digital currency of Pakistan.....","og_url":"https:\/\/www.zameen.com\/news\/first-digital-currency-pakistan-launching-soon.html","og_site_name":"Pakistan Real Estate News &amp; 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