Overview
- The Ministry of Finance and the Pakistan Virtual Asset Regulatory Authority signed a memorandum of understanding with SC Financial Technologies, described by officials as affiliated with World Liberty Financial.
- Officials said the effort will examine technical integration of the USD1 stablecoin within Pakistan’s regulated payment rails for cross-border transfers, operating alongside the country’s planned digital currency infrastructure.
- World Liberty co‑founder and SC Financial CEO Zach Witkoff visited Islamabad for the announcement and met senior stakeholders to discuss digital payments, foreign exchange settlement and compliance needs.
- The agreement is among the first publicly disclosed tie‑ups between World Liberty and a sovereign government, drawing attention to governance and oversight as stablecoin use expands.
- Pakistan’s push includes a central bank digital currency pilot and new virtual‑asset rules, with regulators recently granting preliminary approvals to Binance and HTX to begin local incorporation.