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Pakistan has officially started a national crypto council to manage and include blockchain technology and digital assets in its financial system. This happened after Bilal bin Saqib was recently appointed as Chief Advisor to the Finance Minister to handle digital assets.
As of March 2025, the legal status of cryptocurrencies in Pakistan is changing a lot. In the past, the State Bank of Pakistan (SBP) was very cautious about cryptocurrencies. It warned people about their risks and stopped banks from helping with crypto transactions. In May 2023, the government became stricter. The Minister of State for Finance and Revenue, Aisha Ghaus Pasha, said that cryptocurrency would “never be legalized in Pakistan.”
