A young and tech-savvy population, combating inflationary pressures, is driving Bitcoin adoption and a new financial system in Pakistan.
Pakistan’s demographics position the country as a major catalyst for Bitcoin (BTC) adoption, allowing it to “leapfrog” developed nations, according to Bilal Bin Saqib, Pakistan’s state minister of crypto and blockchain.
“A global policy shift has happened, not just in Pakistan, but all around the world,” Bin Saqib told Cointelegraph in an exclusive interview. The government of Pakistan moved to regulate crypto in November 2024.
The country has 40 million crypto wallets and is one of the “top five” countries in terms of crypto adoption, which the minister attributed to Pakistan’s young demographic. He told Cointelegraph:
