Crypto is now Legal in Pakistan?
*Key Developments:*
- Appointment of Changpeng Zhao (CZ): Founder of Binance, CZ has been appointed as a strategic crypto advisor to the PCC, bringing his expertise to guide the country's crypto adoption.
- Regulatory Framework: The PCC is working on a regulatory framework to facilitate crypto adoption, protect investors, and ensure financial stability.
- Growing Crypto Adoption: Pakistan ranks in the top 10 for global crypto adoption, with an estimated 25 million+ active users.
*Potential Opportunities:*
- Economic Growth: Crypto adoption can contribute to Pakistan's economic growth by attracting foreign investment and promoting innovation.
-Financial Inclusion: Digital assets can provide financial inclusion for the unbanked population, promoting economic participation.
- Youth Engagement: With over 60% of the population under 30, crypto adoption can engage and empower the youth, driving technological advancements.