Major in Pakistan's Crypto Landscape
1. Strategic Partnership with Trump-Backed World Liberty Financial
On April 26, the Pakistan Crypto Council (PCC) signed a Letter of Intent with World Liberty Financial (WLF), a decentralized finance platform backed by U.S. President Donald Trump. This collaboration aims to accelerate blockchain innovation, stablecoin adoption, and decentralized finance integration across Pakistan. The agreement includes initiatives like establishing regulatory sandboxes for blockchain product testing and developing.
2. Appointment of Binance Founder as Strategic Advisor
Changpeng Zhao, founder of Binance, has been appointed as a strategic advisor to the PCC. His role involves assisting in shaping Pakistan's crypto regulations, infrastructure development, and educational initiatives. Zhao's involvement signifies Pakistan's commitment to becoming a regional powerhouse in digital finance and blockchain-driven growth .
3. Proposed Compliance-Based Regulatory Framework
Pakistan's Federal Investigation Agency (FIA) has proposed a regulatory framework focusing on compliance with international standards, including anti-money laundering (AML) and Know Your Customer (KYC) protocols. This framework aims to balance technological advancement with national security imperatives and is expected to roll out in phases starting in 2026.
4. Utilization of Surplus Energy for Crypto Mining
In an innovative move, Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centers. This initiative seeks to capitalize on excess power capacity and position Pakistan as a hub for energy-intensive digital operations .
5. Youth Engagement and Economic Potential
With approximately 60% of its population under the age of 30, Pakistan sees immense potential in engaging its youth in the crypto sector. The government aims to harness this demographic dividend to create new employment opportunities and drive economic growth through digital finance initiatives .
