Pakistan is taking steps to legalize cryptocurrency, aiming to boost foreign investment, according to Bilal bin Saqib, the newly appointed CEO of the Pakistan Crypto Council.
Regulatory Shift in Pakistan
Pakistan has historically maintained a restrictive stance on digital assets, with its central bank discouraging crypto trading and the government blocking exchanges like Binance in the past. However, this new move signals a potential shift in policy as authorities recognize crypto’s potential for economic growth and investment inflows.
Saqib emphasized that legalizing crypto could help Pakistan attract international investors, improve financial inclusion, and integrate the country into the global digital economy.
Pakistan’s Crypto Roadmap
The Pakistan Crypto Council is expected to work closely with regulators to develop a comprehensive framework for crypto exchanges, taxation, and investor protection. The goal is to establish a legal structure that fosters innovation while ensuring compliance with international financial regulations.
A Shift in Global Crypto Adoption
Pakistan’s push toward crypto-friendly policies follows in the footsteps of other nations that have recently embraced digital assets as a means to strengthen their economies. Countries like El Salvador and the UAE have already implemented progressive crypto regulations to attract investors and businesses.
For the latest updates on Pakistan’s crypto legalization efforts, visit Crypto News and The Coin Info.
