ICMAP Proposes Crypto Framework and CBDC Roadmap

In early 2025, Pakistan’s Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) proposed a comprehensive framework for cryptocurrency adoption and the launch of a Central Bank Digital Currency (CBDC). This initiative aligns with the government’s broader strategy to modernize the financial sector, enhance financial inclusion, and attract international investment.

The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed a comprehensive Four-Pillar Framework for the responsible adoption of cryptocurrencies in Pakistan, alongside a strategic roadmap for launching a Central Bank Digital Currency (CBDC). Aimed at the Pakistan Crypto Council and national policymakers, the initiative seeks to establish a secure, transparent, and innovation-friendly digital financial ecosystem.

The four pillars focus on creating a robust regulatory framework, aligning with global crypto and blockchain standards, fostering collaboration between industry and government, and ensuring strong consumer protection and market integrity each supported by international case studies. Complementing this, the CBDC plan advocates for a state-backed digital currency to enhance financial inclusion, regulatory oversight, and monetary stability. Highlighting the global shift toward digital assets, ICMAP positions its proposal as a foundational step for Pakistan’s financial modernization and long-term economic competitiveness.