{"id":53165,"date":"2025-03-20T09:21:17","date_gmt":"2025-03-20T09:21:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=53165"},"modified":"2025-03-20T09:21:17","modified_gmt":"2025-03-20T09:21:17","slug":"pakistan-moves-to-regulate-crypto-aiming-to-attract-global-investors","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=53165","title":{"rendered":"Pakistan Moves To Regulate Crypto, Aiming To Attract Global Investors"},"content":{"rendered":"

Pakistan is taking steps to establish a legal framework for cryptocurrency, as the country is aiming to position itself as a crypto-friendly destination for international investors. <\/span><\/p>\n

The move <\/span>marks a shift<\/span> from previous <\/span>uncertainty, as o<\/span>fficials now seek regulatory clarity to attract blockchain-powered financial innovation.<\/span><\/p>\n

\u201cPakistan <\/span>is done<\/span> sitting on the sidelines; we want <\/span>to have<\/span> regulatory clarity. <\/span>We need to have a <\/span>legal framework that is pro-business<\/span>,\u201d <\/span>said Bilal Bin Saqib<\/span><\/a>, CEO of the Pakistan Crypto Council, in an interview with Bloomberg on March 20.<\/span><\/p>\n

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Pakistan\u2019s Young Workforce Key To Blockchain Growth, Says Adviser<\/span><\/h2>\n

Saqib, <\/span>who was<\/span> recently appointed chief adviser to Pakistan\u2019s finance minister for cryptocurrency management, emphasized that the country\u2019s young population could drive blockchain adoption.<\/span><\/p>\n

\u201cSixty percent of the population is under 30, and we have a Web3-native workforce ready to build,\u201d he noted.<\/span><\/p>\n

Pakistan ranked ninth globally for crypto adoption in 2023, according to Chainalysis, with an estimated 20 million Pakistani crypto users. <\/span><\/p>\n

Saqib believes the country must move quickly to remain competitive, particularly as global leaders integrate crypto into financial strategies.<\/span><\/p>\n

Calling US President Donald Trump \u201cthe biggest bullish catalyst for crypto in history,\u201d Saqib pointed to Trump\u2019s plans for a Bitcoin reserve and crypto stockpile, arguing that other nations, including Pakistan, must follow suit to stay relevant.<\/span><\/p>\n

BREAKING:<\/p>\n

PAKISTAN TO LEGALIZE CRYPTOCURRENCY. pic.twitter.com\/EULt5umUVj<\/a><\/p>\n

\u2014 Crypto Rover (@rovercrc) March 20, 2025<\/a><\/p>\n\n

Saqib, <\/span>who was<\/span> named CEO of the Pakistan Crypto Council on 14 March 2025, sees crypto as a <\/span>major<\/span> opportunity for developing nations. <\/span><\/p>\n

He highlighted how blockchain could revolutionize remittances and trade, reducing reliance on traditional banking and lowering costly fees, which currently range between 5-9% for cross-border payments.<\/span><\/p>\n

\u201cPakistan is open for business,\u201d he declared, signaling the country\u2019s commitment to embracing digital assets.<\/span><\/p>\n

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Pakistan Plans National Crypto Council To Shape Regulatory Framework<\/span><\/h2>\n

Pakistan\u2019s finance ministry is moving toward formal crypto regulation with plans to establish a National Crypto Council, signaling a potential shift in the country\u2019s stance on digital assets.<\/span><\/p>\n

Last month, Finance Minister Muhammad Aurangzeb <\/span>met with a foreign delegation<\/span><\/a> to discuss crypto-related investment and policy development. <\/span><\/p>\n

Among the attendees was Gentry Beach Jr., a business associate who recently pledged $1 billion in investments to Pakistan. The delegation also included tech entrepreneur Nikita Goldsmith, blockchain consultant Alex Malkov, and Cosmic Wire CEO Jerad Finck.<\/span><\/p>\n

Until recently, Pakistan\u2019s government and central bank had <\/span>strongly<\/span> opposed cryptocurrency regulation. Previous finance ministers dismissed the legalization of digital assets, and the State Bank of Pakistan repeatedly warned against their use. <\/span><\/p>\n

However, Aurangzeb has called for a more open approach, suggesting that the government should evaluate the <\/span>potential of the sector<\/span> rather than dismiss it outright.<\/span><\/p>\n

The<\/span> proposed National Crypto Council would serve as an advisory body comprising government officials, regulatory authorities, and industry experts<\/span>, according to the finance ministry<\/span>.<\/span><\/p>\n

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\n

Key Takeaways<\/h3>\n

Pakistan is moving toward crypto regulation, aiming to attract international investors and position itself as a blockchain-friendly economy.<\/span> <\/p>\n

The country\u2019s young, Web3-native workforce is seen as a key driver of blockchain adoption, with over 20 million estimated crypto users.<\/span> <\/p>\n

Pakistan plans to establish a National Crypto Council, signaling a shift from past resistance to a more open approach to digital assets.<\/span> <\/p><\/div>\n

The post Pakistan Moves To Regulate Crypto, Aiming To Attract Global Investors<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Pakistan is taking steps to establish a legal framework for cryptocurrency, as the country is aiming to position itself as a crypto-friendly destination for international investors. The move marks a shift from previous uncertainty, as officials now seek regulatory clarity to attract blockchain-powered financial innovation. \u201cPakistan is done sitting on the sidelines; we want to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53165","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53165"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53165"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53165\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}