Pakistan is taking a significant step towards crypto legalization, with plans to establish a regulatory framework to attract international investment and boost adoption ¹. The government aims to devise clear regulations and align with international best practices, marking a stark change from its previous ban on crypto.
The Pakistan Crypto Council (PCC) was formed to oversee the integration and use of blockchain technology and digital assets in the financial sector ². Bilal Bin Saqib, CEO of the PCC, emphasized that Pakistan wants to attract international investment, citing the country's low-cost, high-growth market with 60% of the population under 30.
*Key Benefits of Crypto Legalization in Pakistan*
- _Increased Investment_: Clear regulations will attract international investment, boosting the country's economy.
- _Improved Adoption_: A regulatory framework will promote the adoption of blockchain technology and digital assets.
- _Enhanced Innovation_: Clear rules will encourage innovation and prevent potential abuse of decentralized networks.
*Graph: Pakistan's Crypto Market Potential* 📊
| Metric | Value |
| --- | --- |
| Active Crypto Users | 20 million |
| Potential Market Size | $1 billion |
| Growth Rate | 20% YoY |
#PakistanCryptoLegalization
