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Is Crypto Legal in Pakistan in 2025?
The cryptocurrency landscape in Pakistan is evolving rapidly in 2025. While crypto remains unregulated, significant developments suggest the country is moving toward formal recognition and regulation.
Current Legal Status
As of 2025, cryptocurrency is not legal tender in Pakistan, and banks remain prohibited from facilitating crypto transactions—a ban in place since 2018. However, the focus has shifted from prohibition to regulation, indicating a major policy pivot.
Key 2025 Developments
Several strategic initiatives have been launched:
Pakistan Crypto Council (PCC) has been established to represent industry stakeholders.
Pakistan Digital Asset Authority (PDAA) now oversees the regulation of digital assets.
The State Bank of Pakistan (SBP) has proposed legal amendments to recognize and regulate digital assets.
Why the Shift?
Pakistan is allocating 2,000+ MW of electricity for Bitcoin mining and AI data centers. It has also partnered with international crypto ventures, including those backed by the Trump family, aiming to position itself alongside global Web3 leaders like Dubai and Singapore.
Can You Trade Crypto?
Yes—peer-to-peer (P2P) trading is still accessible via platforms like Binance. However, there’s no formal legal protection, so users must exercise caution and use trusted, verified platforms.
Conclusion
Crypto is not illegal in Pakistan—but still unregulated. With strong momentum in 2025, clear regulatory frameworks are likely on the horizon.