In the spirit of crypto experimentation – Newspaper
These days, crypto is all the talk of town in Pakistani business circles, with the evangelists happy to finally have their long-held beliefs reiterated at the highest levels while the naysayers are dumbfounded by the entire saga. Though the packaging is new, it’s reflective of the broader problem in our policymaking ecosystem, which is marked by periods of absolute lull followed by everything happening at once, usually not in the most well-thought-out manner.
Luckily, the two regulators overseeing financial services, ie the Securities and Exchange Commission of Pakistan (SECP) and the State Bank (SBP), operate more professionally. Last week was a good reminder of this when the latter released its sandbox guidelines, an initiative…
