Pakistan has just announced to legalize crypto in Pakistan.
🔸 According to my limited knowledge it is first technology product that Pakistan is legalizing/equipping ahead of many developed and under development countries.
🔸 According to Bloomberg report Pakistan took this decision to attract foreign investment and to control over moneylendering.
🔸 It will make whole system transparent.
🔸 Many people those have black money now will be caught.
🔸 Some sources also indicated that Pakistan will issue PKR pegged coin also. That will be huge for Pakistani citizens to trade directly with PKR instead of USDT or USDC.
🔸 If it will happen the $20B estimated amount that is in circulation of PAK traders will become part of economy and strengthen the country.
🔸 In the last I will appreciate CMShehbaz this initiative and also thanks to Bilalbinsaqib for his hard work to legalize crypto in Pakistan.
