$BTC As of April 1, 2025, the cryptocurrency landscape in Pakistan is undergoing significant transformation. Historically, the State Bank of Pakistan (SBP) has maintained a cautious stance, advising financial institutions and the public against engaging in virtual currencies due to potential financial and legal risks. Despite the absence of a comprehensive legal framework, the popularity of cryptocurrencies has surged, with an estimated 20 million active participants and transaction volumes reaching approximately $20 billion in 2020-21.
In response to this growing adoption, the Pakistani government has initiated steps toward regulation. In March 2025, the Pakistan Crypto Council (PCC) was established under the leadership of Finance Minister Muhammad Aurangzeb. The PCC aims to oversee and promote blockchain technology and digital assets within the country, marking a pivotal move toward integrating cryptocurrencies into Pakistan's financial system.