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The Defiant 2025-03-20 14:35:15

Pakistan, First South Asian Nation, Legalizes Cryptocurrency to Attract Investment, Boasts 15-20 Million Users

Pakistan, First South Asian Nation, Legalizes Cryptocurrency to Attract Investment, Boasts 15-20 Million Users

Pakistan is set to legalize cryptocurrency trading, aiming to attract international investment. The country is working on establishing a clear regulatory framework for digital assets, as stated by Bilal bin Saqib, CEO of the Pakistan Crypto Council and Finance Ministry advisor. This move is intended to boost the local Web3 ecosystem and leverage Pakistan's young, tech-savvy population, with 60% under the age of 30 and a Web3-native workforce ready to build. The initiative follows the establishment of the Pakistan Crypto Council, which is tasked with creating regulations to integrate blockchain technology into the economy. The council, led by Finance Minister Muhammad Aurangzeb and including key figures such as the governor of the State Bank of Pakistan and the chairman of the Securities and Exchange Commission of Pakistan, aims to position Pakistan as the first South Asian nation to legalize cryptocurrencies, potentially outpacing India. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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