Pakistan signs deal with WLFI-linked crypto business for cross-border payments

Pakistan has signed a deal with a WLFI-linked crypto business for cross-border payments. This agreement is exploring the integration of a dollar-backed stablecoin into Pakistan’s regulated payment system while the country is ramping up its plans for digital currency and virtual-asset regulations. Cross-border payments are gaining renewed traction across many nations, especially in emerging markets, where the adoption of digital currencies is on the rise. This move could significantly impact Pakistan’s economy by easing global transactions and potentially promoting international business. However, this initiative comes with risks, necessitating robust regulation and user education, as well as international collaboration. The government’s policy direction and industry reactions will be critical to watch.