The crypto path |
Pakistan has tapped into the next-generation door of financing by throwing open vistas of cooperation in cryptocurrency. The MoU signed with Binance will see an endowment of up to $2 billion in the form of sovereign bonds, T-bills and commodity reserves. This is a great leap forward for an economy struggling with deficits amid falling exports and negligible FDI. This enabling of the tokenisation and blockchain-based distribution of Pakistan's real-world assets is a far-sighted decision, requiring efforts to institutionalise........