KARACHI: The State Bank of Pakistan (SBP) has reportedly selected a Japanese firm to develop a central bank digital currency (CBDC), following the federal government’s formal approval of the Virtual Assets Act 2025 last month.

Japanese news outlet Nikkei Asia reported on Tuesday that Soramitsu, a blockchain technology developer based in Japan, is collaborating with the SBP on a pilot programme to introduce a CBDC in Pakistan. The report comes days after SBP Governor Jameel Ahmed announced........

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