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Pakistan has officially legalized cryptocurrency, marking a historic shift in the country’s stance on digital assets. After years of uncertainty, the government is now putting a clear regulatory framework in place, opening doors for investors, traders, and businesses to participate in the crypto space without fear. The move is also seen as a “Trump card” for Pakistan to bring foreign investment which can help the country’s financial position. The decision came after US officials met Pakistan’s Finance Minister Muhammad Aurangzeb last month to discuss Bitcoin Strategic Reserve and creating a crypto council.
Just in: Pakistan is set to legalize #cryptocurrency.#CoinPedia #CryptoNews #Blockchain #CryptoMarket
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A Step Towards a Digital Future
According to Bloomberg reports minutes ago, the government is planning to launch a legal framework for digital assets. Bilal bin Saqib, CEO of the Pakistan Crypto Council, believes this decision is a turning point. He shared in an interview that Pakistan is now ready to embrace digital assets and attract international investors. With 60% of the country’s population under 30, he sees Pakistan as a fast-growing, low-cost market perfect for Web3 development.
The move follows Saqib’s recent appointment as chief advisor to the finance minister on digital assets. His role includes shaping policies around blockchain and even exploring artificial intelligence to improve government operations. He emphasized that as global leaders like Donald Trump prioritize crypto, Pakistan must do the same to stay ahead.
Pakistan’s Growing Crypto Market
Even before this legalization, Pakistan was one of the biggest players in crypto adoption. A report by Chainalysis ranked the country ninth in the world for crypto usage, with an estimated 15 to 20 million people already involved. Now, with proper regulations in place, the crypto market in Pakistan is set to grow even bigger.
The Finance Ministry, State Bank, and IT leaders are fully backing this move. This means major crypto exchanges, venture capital firms, and fintech startups will likely enter the market soon. Retail investors, who have been waiting for clarity, now have the green light to dive in without fear of sudden crackdowns.
What’s Next for Pakistan?
With clear regulations, Pakistan could become a major blockchain hub, competing with global crypto-friendly regions like Dubai, Singapore, and Hong Kong. A regulated crypto market brings safety and stability, making it easier for businesses and individuals to invest.
New projects, tokens, and opportunities are expected to emerge in the coming months. The biggest winners in crypto are often those who get in early. Now that Pakistan has officially turned on the switch, the question is—who’s ready to take the lead?
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FAQs
Yes, Pakistan has officially legalized cryptocurrency, introducing regulations to support investors, traders, and businesses in the crypto space.
The council, led by Bilal bin Saqib, advises the government on blockchain policies, Web3 development, and AI-driven financial innovation.
