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What will be the level of blockchain adoption by banks in Pakistan by end of 2024?
2
Resolution / Starting Odds
Widespread adoption • 25%
Moderate adoption • 25%
Limited adoption • 25%
No adoption • 25%
Reports from the State Bank of Pakistan or major Pakistani banks
Story
Pakistan Proposes Legalizing Crypto, Issuing Digital Rupee under SBP Act
Nov 4, 2024, 08:30 PM
Pakistan is making significant strides in the realm of cryptocurrency by proposing amendments to the State Bank of Pakistan (SBP) Act. These changes aim to legalize digital currencies and pave the way for the issuance of a state-backed digital rupee. The State Bank of Pakistan is actively considering Central Bank Digital Currencies (CBDCs) as a legitimate form of currency, which would allow banks to process blockchain transactions. If these amendments are approved, Pakistan could see a major shift in its financial landscape, potentially making cryptocurrencies legal tender and incorporating decentralized finance (DeFi) into its system.
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Similar markets
Yes, major banks adopt blockchain • 25%
No, minor adoption only • 25%
No adoption • 25%
Other technologies adopted • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Bitcoin • 25%
Ethereum • 25%
State Bank of Pakistan CBDC • 25%
Other • 25%
Finance • 25%
Healthcare • 25%
Supply Chain • 25%
Retail • 25%
Europe • 25%
Asia • 25%
North America • 25%
Other • 25%
Yes • 50%
No • 50%
Finance • 25%
Healthcare • 25%
Supply Chain • 25%
Retail • 25%
1-2 Banks • 33%
3-5 Banks • 33%
More than 5 Banks • 33%
Bank of America • 25%
Wells Fargo • 25%
Citibank • 25%
Goldman Sachs • 25%
0-2 • 25%
3-5 • 25%
6-8 • 25%
9 or more • 25%