{"id":53201,"date":"2025-03-20T13:24:56","date_gmt":"2025-03-20T13:24:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=53201"},"modified":"2025-03-20T13:24:56","modified_gmt":"2025-03-20T13:24:56","slug":"pakistan-plans-to-legalise-bitcoin-and-crypto","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=53201","title":{"rendered":"Pakistan Plans To Legalise Bitcoin And Crypto"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Pakistan Plans To Legalise Bitcoin And Crypto<\/a><\/p>\n

<\/div>\n

Bilal Bin Saqib, CEO of the Pakistan Crypto Council, told\u00a0Bloomberg<\/em> on Thursday<\/a> that Pakistan has plans to legalise bitcoin and crypto and implement a regulatory framework to attract foreign investment and boost adoption.<\/p>\n

\n

JUST IN: Pakistan is looking to legalize #Bitcoin<\/a> and crypto \u2013 Pakistan Crypto Council CEO pic.twitter.com\/0Yuut3LBAu<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) March 20, 2025<\/a>\n<\/p><\/div>\n

The government aims to devise clear regulations and align with international best practices. Pakistan\u2019s Finance Minister formed the PCC last week to steer the country\u2019s crypto strategy.<\/p>\n

\u201cPakistan is done sitting on the sidelines\u201d regarding bitcoin and crypto, Saqib told\u00a0Bloomberg<\/em>. \u201cWe want to attract international investment because Pakistan is a low-cost, high-growth market with 60% of the population under 30.\u201d<\/p>\n

\n

Spoke to Bloomberg this morning <\/p>\n

Our message is clear \u2013 Pakistan is done sitting on the sidelines! We want Pakistan as the leader in blockchain-powered finance. Pakistan is a low-cost high-growth market with 60% of the population under 30. We have a web3 native workforce ready\u2026 pic.twitter.com\/VwhGGh7QWg<\/a><\/p>\n

\u2014 Bilal bin Saqib MBE (@Bilalbinsaqib) March 20, 2025<\/a>\n<\/p><\/div>\n

\u201cTrump is making crypto a national priority, and every country, including Pakistan, will have to follow suit,\u201d he said.<\/a><\/p>\n

This move comes amid a global shift in attitudes towards bitcoin and crypto after the United States pushed for greater mainstream acceptance. The new stance is a stark change for Pakistan, which had previously banned crypto. By embracing bitcoin and crypto early, Pakistan is looking to position itself as a regional leader and attract investors.<\/p>\n

Pakistan\u2019s central bank had expressed concerns earlier. However, the government now seeks to mitigate risks through prudent legislation<\/a>. Clear rules could boost innovation and prevent potential abuse of decentralised networks.<\/p>\n

This post Pakistan Plans To Legalise Bitcoin And Crypto<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Vivek Sen Bitcoin<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Pakistan Plans To Legalise Bitcoin And Crypto Bilal Bin Saqib, CEO of the Pakistan Crypto Council, told\u00a0Bloomberg on Thursday that Pakistan has plans to legalise bitcoin and crypto and implement a regulatory framework to attract foreign investment and boost adoption. JUST IN: Pakistan is looking to legalize #Bitcoin and crypto \u2013 Pakistan Crypto […]<\/p>\n","protected":false},"author":0,"featured_media":53202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53201"}],"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=53201"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/53202"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}