-
-
As part of efforts to attract international investments, Pakistan is set to legalise cryptocurrency, as reported by Bloomberg.
The chief advisor to the finance minister and CEO of the Pakistan Crypto Council, Bilal Bin Saqib, in an exclusive interview with Bloomberg stated that Pakistan is aiming to create “a clear regulatory framework for governing digital-asset activities to boost the local ecosystem”.
“Pakistan is done sitting on the sidelines,” Saqib said, highlighting that the country is a low-cost, high-growth market, with 60% of the population under 30 and a Web3-ready workforce.
READ: Pakistan launches crypto council to regulate digital financial sector
The National Crypto Council, was established on February 25 by the finance ministry, to adopt emerging digital currencies, oversee policy development, address regulatory challenges, and collaborate with global partners to integrate digital assets securely and sustainably.
Saqib referenced US President Donald Trump’s support for crypto, stating, “Trump is making crypto a national priority, and every country, including Pakistan, must follow suit.”
Trump’s January executive order proposed a Crypto Strategic Reserve, including Bitcoin, Ether, XRP, SOL, and ADA, further fueling global interest in digital currencies.
