The Regulatory Sandbox of SECP – a technology-driven initiative – received a positive response from a wide range of innovators including well-established entities, foreign companies, and start-ups. These entities submitted their proposed solutions and business models in the areas of Insurance, Non-Banking Finance Sector, and Capital Markets. SECP received a total of 32 applications in […]

Visa has filed an application to create digital currency on a blockchain with the U.S. Patent and Trademark Office. It is meant to replace physical currency. The system utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem. Described as ‘Digital Fiat Currency’ the patent was initially filed by […]