Pakistan lifts seven-year ban, allowing banks to service crypto providers

[uchegod-21]

Pakistan seems to be turning into a modest and friendly country that supports most of the recent innovations and development, unlike the way I used to approach them in the past, thinking they are even worse than countries like China, but to my surprise, they are now more friendly to Bitcoin even than most of the other countries we thought could have adopted Bitcoin.

And that's what countries should be around. The more they go, the more new technology is emerging. They should study it and adopt welcoming innovations that also bring opportunities. It's understandable the first time if they don't accept it, as it could be seen that they still don't fully understand the technology and don't want something that will bring more negativity than positive but now that it's been fully studied and understood by expert those who are still neglecting it have their own selfish reason.

The world is evolving fast. In the near future, governments of various countries will have no choice but to key into what technology has brought to the world and crypto is part of the advanced technologies countries will incorporate into their economic and financial systems. Stances from major countries are already changing; others will follow gradually, no matter how long it takes. The good part is that crypto is no longer something the government can ignore, no matter how hard they try. Now they are realising that instead of fighting it, they can use it to their advantage as they have always wanted. But you bitcoiners, be careful with bank related crypto services.

[JeromeTash]

I feel there is sinister move somewhere, what was the initial reason as why they gave the ban, because all I can see here is ban that has been lifted with much conditions attached to it. They should outrightly allow institutions to trade and hold their Crypto assets, instead of just being a service provider. Maybe this is just the first step on the ban lifting, probably with time all the other conditions will be let loose too, so let's just take this to be a stepping stone.

The reason could be regulation. Probably 7 years ago they were not ready or able to regulate crypto, but in recent times they probably feel like they can now regulate it and avoid being left out by the progressing crusade.
The other reason is they want to tap into the revenue from crypto investment and trading. It's always about the moneyh the Government wants from something.