#BTCBreaksATH110K #BinanceAlphaAlert #SaylorBTCPurchase Pakistan crypto market rises despite early skepticism
In May 2023, former Minister of State for Finance and Revenue Aisha Ghaus Pasha said that Pakistan would never legalize cryptocurrencies due to the potential for digital assets to circumvent regulations created by the Financial Action Task Force, the supranational organization that polices finance for money laundering.
Related: Pakistan Crypto Council proposes using excess energy for BTC mining
However, the following year, Pakistan ranked highly in Chainalysis’ 2024 crypto adoption index, coming in ninth, mainly due to strong retail adoption and transactions at centralized services.$BTC