Bitcoin Magazine
Pakistan Sets Plans to Legalize Bitcoin and Cryptocurrency
On Thursday, Bilal Bin Saqib, the CEO of the Pakistan Crypto Council, shared with Bloomberg, that Pakistan is gearing up to legalize bitcoin and other cryptocurrencies. This initiative is part of a strategy to create a regulatory framework designed to attract foreign investments and encourage wider adoption of digital assets.
JUST IN:
Pakistan is looking to legalize #Bitcoin and cryptocurrency – Pakistan Crypto Council CEO pic.twitter.com/0Yuut3LBAu
— Bitcoin Magazine (@BitcoinMagazine) March 20, 2025
The Pakistani government is committed to establishing transparent regulations that align with global best practices. Following this initiative, the country’s Finance Minister established the Pakistan Crypto Council last week to lead the nation’s approach to cryptocurrency.
Saqib emphasized to Bloomberg, โPakistan is tired of standing on the sidelines regarding bitcoin and cryptocurrencies. We aspire to lure international investors since Pakistan represents a low-cost, high-growth opportunity, particularly with 60% of its population under the age of 30.โ
Spoke to Bloomberg this morning
Our message is clear – 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 readyโฆ pic.twitter.com/VwhGGh7QWg
— Bilal bin Saqib MBE (@Bilalbinsaqib) March 20, 2025
โWith a focus on cryptocurrency becoming a national agenda item, driven in part by Trump, every nation, including Pakistan, must adapt,โ he added.
This development emerges during a global transformation in attitudes towards bitcoin and other cryptocurrencies, spurred on by the United Statesโ push for wider acceptance. This is a significant shift for Pakistan, which had previously placed a ban on cryptocurrencies. By proactively embracing bitcoin and other digital currencies, Pakistan aims to establish itself as a leader in the region and attract more investors.
Though the central bank of Pakistan had expressed reservations in the past, the current government intends to address these concerns by implementing sound legislation. Establishing clear guidelines could foster innovation and safeguard against potential exploits within decentralized networks.
This article Pakistan Sets Plans to Legalize Bitcoin and Cryptocurrency originally published on Bitcoin Magazine and was authored by Vivek Sen Bitcoin.
