Pakistan is working on establishing a legal framework for cryptocurrencies to attract foreign investments and become a leader in blockchain finance. Bilal Bin Saqib, CEO of the Pakistan Crypto Council, highlighted the urgency for regulatory clarity in order to foster a pro-business environment. With a significant portion of its population under 30, Pakistan ranks ninth globally in crypto adoption, with approximately 20 million users, according to blockchain analytics firm Chainalysis. Saqib emphasized the potential benefits of blockchain technology for developing nations, particularly in areas like remittances and cross-border payments, arguing that it could significantly reduce reliance on traditional banking systems and associated fees. He articulated the belief that Pakistan must take swift action to align with global trends in crypto, particularly given international competition spurred by initiatives involving prominent figures like Donald Trump, who has prioritized the integration of cryptocurrencies into national policy.

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