Pakistan Reverses 2018 Crypto Ban
Pakistan lifts 2018 crypto ban, allowing banks to serve licensed firms like Binance, boosting BNB price prediction amid bullish trends at $622.1.
SourcePakistan has reversed its 2018 cryptocurrency ban, now permitting banks to open accounts for licensed crypto firms, as announced by Binance founder CZ in a tweet tagging @LLuciano_BTC. This shift opens doors for major players in the world's seventh-largest armed forces nation, historically tied to neighbors like Iran, and aligns with Binance's global expansion amid rising Bitcoin hype. Crypto market in Pakistan gains momentum, reversing years of restrictions that stifled operations since the 2018 crackdown.
On the BNB 4h chart, price action screams controlled bullishness at $622.1, hugging the EMA200 resistance at $616.96 while the EMA50 at $610.39 acts as immediate support in this uptrend. MACD flashes a golden cross at 4.95, confirming momentum as RSI sits neutral at 58.71—avoiding overbought territory. Volatility squeezes inside Bollinger Bands, with upper resistance at $631.02 capping gains and lower support at $601.46 offering a cushion; expect a tactical pullback here before BNB price prediction targets fresh highs, especially with Pakistan's regulatory thaw injecting fresh capital flows.
CZ_BNB
@cz_binanceFounder and former CEO of Binance, the world's largest cryptocurrency exchange. Shares insights on cryptocurrency adoption, blockchain technology development, and personal perspectives on building in the Web3 space, while navigating regulatory challenges and industry evolution.