#TRUMP Backs Crypto, Pakistan Embraces It: How Long Must India Wait?

As nations 🌍 adapt to cryptocurrencies, Pakistan 🇵🇰 is stepping up its crypto game, aligning with US interests 🇺🇸. In April, Binance’s Changpeng Zhao became an advisor to the Pakistan Crypto Council (PCC) 🪙, marking a shift from skepticism to strategic use of digital assets. On July 9, Pakistan created the Pakistan Virtual Asset Regulatory Authority (PVARA) 📜, signaling a commitment to regulate crypto and attract investment.

Meanwhile, India 🇮🇳 remains in regulatory limbo, with the Reserve Bank of India (RBI) expressing concerns about financial stability 📉. The government has imposed a 30% tax on crypto gains 💸, but no comprehensive policy is in place to clarify the legality or regulation of digital assets. The Supreme Court's calls for clarity remain unanswered, leaving businesses uncertain.

Pakistan’s crypto embrace is not just for investment 💵 but for geopolitical leverage, creating channels for financial flows 🎯. Bhutan 🇧🇹, on the other hand, has quietly built BTC reserves, using crypto to diversify its economy 💡. Other nations, including Russia 🇷🇺 and North Korea 🇰🇵, have also tapped into crypto for economic and strategic gains.

The US 🇺🇸 is pushing for stablecoin regulation under the GENIUS Act ⚖️, though concerns over conflicts of interest arise, particularly with former President Trump’s ties to crypto. As these nations embrace crypto, India’s delay in establishing a clear policy risks being left behind 🕰️.

To protect its financial future, India must act quickly 🔑—crypto is no longer a choice, but a global necessity.

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