Blockchain technology timeline in Pakistan and insurance sector
Blockchain technology is a relatively new concept in Pakistan, and its adoption and development have been slow compared to other countries . Here is a brief timeline of the key events and developments in the history of blockchain in Pakistan: Blockchain 2014: The State Bank of Pakistan (SBP) issues a warning against the use of cryptocurrencies, citing the risk of money laundering and terrorist financing. 2017: The Pakistan Stock Exchange (PSX) announces plans to launch a blockchain-based trading platform to enhance transparency and efficiency. 2018: The SBP issues a circular warning banks and financial institutions against dealing in cryptocurrencies or facilitating any transactions related to them. 2019: The government of Pakistan establishes a task force on technology-driven governance, which includes blockchain as one of its focus areas. 2020: The government of Punjab partners with a blockchain startup to develop a blockch...