🟢 Q1: Is cryptocurrency legal in Pakistan?
Not officially.
Right now, cryptocurrency is not recognized as legal tender in Pakistan. That means you can’t use Bitcoin or any crypto to buy things legally, like you can with Pakistani Rupees. Also, the State Bank of Pakistan (SBP) has restricted banks from dealing with crypto-related transactions since 2018.
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⚙️ Q2: Then how are people trading crypto in Pakistan?
Even though it’s not legal, thousands of people are still trading through platforms like Binance, KuCoin, and OKX using P2P (peer-to-peer) methods. The government hasn’t banned people completely, but it’s a gray area — not fully legal, not fully illegal.
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🏛️ Q3: Is the current government crypto-friendly?
Somewhat.
The current government has shown interest in blockchain technology, especially for government use like record-keeping and finance. But they are still cautious about full crypto legalization. In 2024, there were some discussions in Parliament about making a crypto regulatory framework.
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📅 Q4: Any major progress or updates recently?
Yes, a few!
Here are some important events:
Jan 2024 – SECP (Securities & Exchange Commission of Pakistan) started work on a regulatory framework for digital assets.
June 2024 – The finance ministry discussed crypto tax proposals for the first time.
March 2025 – A few members of the National Assembly submitted a proposal to make crypto a regulated industry (still under review).
So, the wheels are turning — slowly, but moving.
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💸 Q5: What benefits will crypto users in Pakistan get if it becomes legal?
If crypto becomes legal and regulated, here’s what traders and investors could gain:
✅ Bank Integration: Direct crypto to bank transfers without P2P risks.
✅ Investor Protection: Laws to protect people from scams.
✅ Business Growth: Local startups, exchanges, and Web3 projects can grow.
✅ Tax Clarity: Clear rules about crypto income, so no fear of illegal activity.
✅ Job Opportunities: In blockchain dev, trading, NFTs, etc.
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Crypto in Pakistan is still in the early stages. The future looks possible, but it needs strong regulations, education, and awareness. Government is moving slowly, but discussions are happening. If handled right, crypto could bring big benefits to both the economy and the youth.
#btc
