Pakistan Legalizes Crypto and Establishes National Crypto Council

After a long period of opposition to cryptocurrency, Pakistan has officially legalized crypto at the end of 2024 and continues to make significant strides in managing this sector. Recently, the country established the “National Crypto Council” with the aim of building a clear and transparent legal framework for the cryptocurrency market.

Pakistan's Finance Minister, Muhammad Aurangzeb, met with a delegation of digital asset advisors from former U.S. President Donald Trump. During this meeting, Aurangzeb emphasized that Pakistan wants to manage cryptocurrency based on global standards, specifically according to the guidelines of the Financial Action Task Force (FATF). In addition, Pakistan is also actively researching and exploring the potential of blockchain technology to promote economic development and digital finance.

The shift towards supporting cryptocurrency shows that Pakistan is striving to keep pace with modern financial trends and opens up many new opportunities for its financial market.

Source: thuancapital