Notwithstanding, SBP set up under the State Bank of Pakistan Act, 1956 has been amended occasionally to strengthen its powers and mandate but now it needs to be modernized in line with the international best practices.
In contrast, the value of crypto currencies can fluctuate strongly, which makes them very poorly suited as means of payment or stores of value. One argument used in favour of central bank digital currency is that it promotes a more secure and efficient payment system. In my opinion,  Page 3 of 7  that argument is not particularly relevant in a Danish context.