Pakistan may have a Crypto plan to attract international investment, ‘Pakistan is done …’, says Crypto Council top exec
Pakistan is set to establish a legal structure for cryptocurrency trading to attract global investors. Bilal bin Saqib, CEO of the Pakistan Crypto Council, told Bloomberg TV that the nation intends to craft a transparent regulatory system to manage digital-asset activities and strengthen the local crypto ecosystem.
Despite reported warnings from the central bank about the risks of cryptocurrencies, trading is already widespread in Pakistan, the world’s fifth most populous country. According to Bloomberg report, quoting Chainalysis, Pakistan ranks ninth worldwide in crypto adoption. Saqib told the oublication that there are between 15 million and 20 million Crypto users in Pakistan.
“Pakistan is no longer staying on the sidelines,”…
