#RedSeptember #CRYPTO COUNCIL IN PAKISTAN
Cryptocurrency in Pakistan has undergone significant developments, shifting from a previously uncertain stance to a more proactive regulatory approach in 2025. Here's what you need to know:
Current Status
Cryptocurrency is not entirely banned in Pakistan, but its legality remains somewhat ambiguous. The government has introduced regulations to support investors, traders, and businesses in the crypto space.¹
Regulatory Framework
The Pakistan Crypto Council (PCC) and Pakistan Digital Assets Authority (PDAA) have been established to regulate and oversee digital assets. The PCC aims to integrate blockchain technology into Pakistan's financial systems and attract international investment.² ³
Taxation
Profits from selling cryptocurrencies are subject to a flat 15% Capital Gains Tax (CGT), while crypto earned from mining or staking is taxed as regular income, ranging from 5% to 35%.
Key Developments
- *Pakistan Crypto Council Formation*: Prime Minister Shehbaz Sharif announced the formation of the PCC to develop comprehensive crypto regulations and promote blockchain adoption.
- *Strategic Bitcoin Reserve*: Pakistan plans to leverage its surplus electricity for Bitcoin mining and AI data centers, potentially establishing mining centers in regions with excess power availability.
- *Blockchain Education*: The government focuses on upskilling youth in blockchain and AI technologies to create job opportunities and boost exports through digital services.⁴
Future Prospects
With clear regulations, Pakistan could become a major blockchain hub, competing globally. The government's strategy aims to attract foreign investment, promote innovation, and position Pakistan as a leader in digital finance.
#pakicrypto