The future of cryptocurrency in Pakistan is undergoing a significant transformation, marked by proactive government initiatives, regulatory developments, and increasing adoption among the populace.
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🇵🇰 Government Initiatives and Regulatory Framework
In May 2025, Pakistan established the Pakistan Digital Assets Authority (PDAA), a national body tasked with regulating the burgeoning crypto and blockchain ecosystem. The PDAA's responsibilities include licensing exchanges, overseeing custodians and wallets, regulating stablecoins, and supervising decentralized finance (DeFi) platforms. Additionally, the authority aims to tokenize national assets and government debt, facilitating the monetization of Pakistan’s surplus electricity through regulated Bitcoin mining .
Complementing this, the Pakistan Crypto Council (PCC), a government-backed organization, is spearheading efforts to integrate cryptocurrency into the national economy. In a strategic move, Pakistan has allocated 2,000 megawatts of surplus electricity to power Bitcoin mining and artificial intelligence (AI) data centers. This initiative aims to utilize unused energy resources effectively, generate high-tech employment opportunities, and attract foreign investment .
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📈 Market Growth and Adoption
Pakistan's cryptocurrency market is experiencing rapid growth. According to Statista, the number of crypto users in the country is expected to exceed 27 million by 2025, representing over 10% of the population . This surge in adoption is reflected in Pakistan's ranking as ninth in Chainalysis’ 2024 Global Crypto Adoption Index, driven by strong retail adoption and transactions at centralized services .
The market's expansion is further evidenced by the annual trading volume for Pakistan-based wallets, which rose to $25 billion in 2023, up $5 billion from the previous year
