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Cryptocurrency is one of the hottest financial topics worldwide and Pakistan is no exception. From young freelancers to seasoned investors, millions of Pakistanis are exploring the world of Bitcoin, Ethereum, and digital assets. But the big question remains: Is cryptocurrency legal in Pakistan? And what role does Binance, the world’s largest crypto exchange, play in shaping Pakistan’s digital future?
Let’s break it down in simple terms.
Current Legal Status: Is Crypto Legal in Pakistan?
Technically, cryptocurrency is not illegal, but it’s also not fully legal or regulated in Pakistan yet.
In the past, the State Bank of Pakistan (SBP) restricted banks and financial institutions from dealing in cryptocurrencies, citing risks like money laundering and financial fraud. But things have started to change in 2025.
The Pakistan Crypto Council (PCC) was formed in March 2025 to pave the way for clear regulations and safe adoption of digital assets. This is a major turning point—and a sign that Pakistan is warming up to the crypto revolution.
Binance’s Big Role in Pakistan’s Crypto Evolution
As Pakistani interest in crypto grows, Binance has emerged as the go-to platform for millions of users. Why? Because it’s:
User-friendly for beginners
Supports PKR (Pakistani Rupee) through P2P trading
Offers low fees and strong security
Allows debit/credit card crypto purchases
Provides free educational resources
In a game-changing move, Binance founder Changpeng Zhao (CZ) was appointed as a strategic adviser to the Pakistan Crypto Council. His mission: help Pakistan build blockchain infrastructure, create jobs in the crypto industry, and guide policy development.
That’s a strong global endorsement of Pakistan’s crypto ambitions.
Massive Growth: How Many Pakistanis Are Using Crypto?
Pakistan isn’t just talking about crypto—it’s using it. As of 2025, estimates suggest 15 to 20 million Pakistanis are actively involved in digital assets. The reasons?
Freelancers receive payments in crypto
Investors see it as an alternative to traditional savings
Tech-savvy youth are diving into blockchain and DeFi
Remittances are becoming faster and cheaper via crypto
In response, the government has even allocated 2,000 megawatts of electricity to support bitcoin mining and AI data centers. The goal? Use excess power, boost high-tech employment, and attract global investors.
What’s Next? The Future of Crypto in Pakistan
Here’s the truth: crypto is moving fast, and Pakistan is finally catching up.
While we’re still waiting for official legalization and regulation, all signs point to a brighter, blockchain-powered future. With Binance’s support and the government’s growing interest, Pakistan could become a regional leader in digital finance.
Final Thoughts: Should You Invest in Crypto in Pakistan?
If you're in Pakistan and curious about crypto, now is a great time to start learning. But keep these tips in mind:
Use secure platforms like Binance
Avoid scams and “get-rich-quick” schemes
Stay updated on legal developments
Educate yourself with free resources
Cryptocurrency may not be fully legal in Pakistan yet, but it’s definitely here to stay.
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