#PakistanCryptoFuture ...Pakistan to Explore Blockchain for Multibillion Dollar Remittances From Abroad: Adviser
Blockchain technology could help improve the speed and lower the cost of cash transfers from migrant workers, Bilal bin Saqib said in an interview.
What to know:
Pakistan, one of the largest recipients of remittances from citizens abroad, is investigating blockchain technology to simplify the process, according to Bilal bin Saqib, the finance minister's chief adviser on the recently established Pakistan Crypto Council (PCC).
The PCC is advocating for a clear regulatory framework for blockchain and Web3 innovation, and is exploring initiatives like tokenizing real-world assets while complying with Financial Action Task Force (FATF) standards, Saqib said in an interview....$BTC
