🇵🇰Pakistan Legalizes Cryptocurrency: A Step Toward Digital Transformation

Government's Official Declaration

In March 2025, the Government of Pakistan officially legalized cryptocurrency, marking a historic shift in the country’s financial policy. This move aims to attract foreign investment, modernize the economy, and embrace digital technologies like blockchain.

Bitcoin Surges After Announcement

Following the legalization, Bitcoin’s value jumped to $65,000, with increased activity in Pakistani crypto markets. Investors responded positively, seeing this as a major opportunity for financial growth and innovation in the region.

Formation of Pakistan Crypto Council

The government also announced the formation of the Pakistan Crypto Council (PCC), headed by Finance Minister Muhammad Aurangzeb. The council is tasked with drafting clear regulations for cryptocurrencies and promoting blockchain technology across various sectors, including finance, health, and education.

Power Allocation for Crypto and AI

To support this digital push, the government has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and artificial intelligence data centers. This move is aimed at utilizing unused energy resources for economic advancement and technological development.

Confusion Over Legal Status

Despite the official announcement, confusion remains. Reports indicate that the State Bank of Pakistan and the Ministry of Finance still consider crypto transactions illegal, creating a contradiction in national policy and uncertainty among investors.

Looking Ahead

Pakistan’s decision to legalize cryptocurrency is bold and promising, but clear and unified policies are needed for its successful implementation. With proper regulation, Pakistan could become a leading hub for digital finance in South Asia.