#GENIUSAct $BTC
Bilal bin Saqib, CEO of the Pakistan Crypto Council, says Pakistan is no longer avoiding cryptocurrency but instead is preparing to embrace it responsibly. Here are some key points from his statements¹ ²:
- *Crypto Adoption*: Pakistan has been one of the world's top adopters of cryptocurrencies, with a large tech-savvy youth population already providing services in the global market.
- *Regulatory Framework*: The Pakistan Crypto Council is working to establish a regulatory framework for cryptocurrencies, consulting with global peers to create a "Pakistan-first" approach.
- *Benefits*: Saqib believes cryptocurrencies can improve remittances, enhance financial inclusion, and retain homegrown talent that might otherwise drift abroad.
- *Investment Opportunities*: Pakistan's value proposition lies in its low cost of business, rich talent pool, and strategic location, making it an attractive destination for blockchain and crypto investments.
- *Partnerships*: The council has partnered with World Liberty Financial to advance blockchain innovation, stablecoin adoption, and decentralized finance integration in Pakistan.
- *Collaboration with US*: Saqib has met with the Acting US Ambassador to discuss creating bridges between US institutions and Pakistan's entrepreneurial ecosystem, focusing on joint programs, talent exchanges, and strategic MoUs.
Overall, Saqib's vision is to leverage Pakistan's strengths in energy, youth, and geography to participate in the future of global technology and finance, positioning the country as a bridge between South Asian Web3 talent and Middle Eastern capital.