Islamabad, Pakistan – Pakistan is making significant strides toward establishing a legal framework for cryptocurrency trading, aiming to attract international investment and position itself as a key player in the global digital economy.
Bilal bin Saqib, CEO of the Pakistan Crypto Council, revealed the country’s ambitions during an interview with Bloomberg TV. He highlighted Pakistan’s commitment to developing a clear regulatory framework to govern digital asset activities, which is expected to bolster the local crypto ecosystem.
“Pakistan is done sitting on the sidelines. We want to attract international investment because Pakistan is a low-cost, high-growth market with 60% of the population under 30. We have a Web3-native workforce ready to build,” Saqib stated.
This development follows the recent establishment of a national crypto council by Prime Minister Shehbaz Sharif. The council is tasked with promoting blockchain technology and formulating policies to support the emerging digital economy.
Saqib also emphasized the global shift towards cryptocurrency regulation, citing the United States as an example. “Trump is making crypto a national priority, and every country, including Pakistan, will have to follow suit,” he noted.
If Pakistan successfully legalizes cryptocurrency, it will become the first South Asian nation to do so, outpacing its larger neighbor India, which has maintained a cautious stance on digital currencies. While Bhutan is engaged in Bitcoin mining, cryptocurrencies are not recognized as legal tender there.
With a young, tech-savvy population and a rapidly evolving digital landscape, Pakistan’s move toward cryptocurrency regulation could position the nation as a significant hub for blockchain innovation and global crypto investment.
