Pakistan intends to join classes in several countries around the world to legalize cryptocurrency transactions. All of the countries are set up to deploy regulatory frameworks that help to provide clarity about cryptocurrency-related activities. Bilal bin Sakib, chief executive of Pakistan Crypto Council, confirmed the same in a recent interview.
Just:
Pakistan legalizes cryptocurrency.
– watcher.guru (@watcherguru) March 20, 2025
Pakistan jumps into the world of cryptocurrency
At the moment, most of the world is using cryptocurrency. Some countries are ready to add these assets to their preparations, while others are investigating the concept. This is a huge leap considering the sector was previously widely slandered and connected to the dark web. Pakistan’s recent interest shows how fast the ecosystem is growing. Speaking of the same, Sakib of Pakistan’s Cryptocourt Council said,
“Pakistan is sitting on the sidelines, and we want to attract international investments as Pakistan is a low-cost, high-growth market with 60% of the population under 30 years of age.
It should be noted that Pakistan is one of the most populous countries. A recent UN survey shows that the country is expected to have 511 million people by 2100, making it the third largest country in terms of population. Pakistan has around 15-20 million cryptocurrency users considering the country’s cryptocurrency connections. These statistics were presented by Saqib.
Follow in the footsteps of the US
Donald Trump has brought a new wind to the cryptocurrency industry. His intention to launch Crypto Strategic Reserve attracted worldwide attention. Trump is all set to revolutionize industry, but other countries are supposed to follow the US. Saqib added, explaining in detail in the same way.
“Trump has made Crypto a national priority and all countries, including Pakistan, will have to follow suit.”
Furthermore, Saqib has played an important role in fostering Pakistan’s cryptocurrency scene. The legalization plan follows Saqib’s appointment earlier this month. He has been appointed Chief Advisor to the Minister of Finance in Digital Asset Management. He also provides advice on researching artificial intelligence to improve government efficiency, streamline decision-making and promote innovation in public sector operations.
