Pakistan Lifts Crypto Banking Ban with New Compliance Rules
- Regulatory Framework Established: Pakistan has officially lifted its ban on banking services for licensed cryptocurrency firms, marking a significant regulatory shift in the country's digital asset landscape, with the new Virtual Assets Act 2026 providing a legal framework that facilitates the integration of digital asset businesses into the formal banking system.
- Strict Compliance Requirements: Under the new rules, only entities licensed by the Pakistan Virtual Assets Regulatory Authority (PVARA) can access basic financial services through local banks, which must conduct full due diligence on VASP clients and ensure that client assets are kept separate from company capital to mitigate financial risks.
- Attracting Global Firms: This policy turnaround sharply contrasts with the 2018 ban that isolated crypto businesses from the formal economy, as the Pakistani government aims to attract global digital asset players, exemplified by a memorandum of understanding signed with Binance for potential tokenization solutions involving up to $2 billion in assets.
- Modernizing Financial Infrastructure: Pakistan is also in talks with affiliates of World Liberty Financial regarding the potential use of stablecoins for cross-border transactions, reflecting efforts to ensure regulatory clarity and consumer protection while fostering innovation in digital finance.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0516 | 0.0555 | 0.0592 | 0.0631 | 0.0668 | 0.0707 | 0.0744 |
| Fibonacci | 0.0555 | 0.0584 | 0.0602 | 0.0631 | 0.066 | 0.0678 | 0.0707 |
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