🚨 BREAKING: Pakistan has reportedly lost over USD $600 million to illicit cryptocurrency transactions a massive hit to the country’s foreign currency reserves.

In the first 10 months of this year, around $600 million vanished through crypto channels, while deposits in foreign currency accounts rose by roughly $400 million indicating a massive shift of funds away from the formal banking system.

Why this matters:

The slide in official dollar sales from exchange companies (from ~$4 billion last year to ~$3 billion this year) signals a drop in hard currency entering the mainstream economy.

This capital flight through crypto undermines efforts by the State Bank of Pakistan and government to stabilise foreign-reserves and control the rupee’s depreciation.

With cryptocurrencies still operating in a grey regulatory zone in Pakistan, this opens the door for widespread misuse and financial risk.

“❗️$600 MILLION GONE: Pakistan’s financial system hit hard as crypto channels siphon off over half a billion dollars.

With dollars disappearing and rules unclear, the rupee and reserves face grave danger.

Time to wake up, rethink regulation & reclaim control.