Pakistan is planning to create a legal framework for cryptocurrency to attract international investors. Bilal Bin Saqib, CEO of the Pakistan Crypto Council, expressed the country's intent to move beyond traditional paradigms and establish regulatory clarity conducive to business growth. Emphasizing Pakistan's ambition to be a leader in blockchain finance, Saqib noted that 60% of the population is under 30, highlighting potential for crypto adoption. Chainalysis recently ranked Pakistan ninth in crypto adoption, with an estimated 20 million users. Saqib also referenced the importance of global trends, mentioning that countries must engage in crypto development or risk being left behind. He pointed out that nations like Pakistan could leverage blockchain for cost-effective cross-border transactions and trade by reducing reliance on traditional banking systems and associated fees.

Source 🔗