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