Pakistan plans to become a blockchain finance leader by regulating cryptocurrencies
On March 20th, Bilal Bin Saqib, CEO of the Pakistan Cryptocurrency Committee, stated that Pakistan plans to regulate cryptocurrency to become a leader in blockchain finance and attract international investment. Pakistan is planning to establish a legal framework for cryptocurrency to attract international investors to this Central Asian country. "Pakistan is no longer standing idly by; we want regulatory clarity; we need a legal framework that supports business." Earlier this month, Saqib was appointed as the chief advisor on cryptocurrency management for the Pakistan Ministry of Finance. Blockchain analysis company Chainalysis ranked Pakistan as the ninth in cryptocurrency adoption rate last year, and Saqib claims that Pakistan has up to 20 million cryptocurrency users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Payments as Catalysts for User Growth: Case Study of Moonshot
US stocks, cryptocurrencies erase early gains as tariff negotiation optimism wavers
Investors continue to digest the Trump administration’s mixed messages on tariff policies
Fartcoin Surges in Value While Market Faces Setbacks
In Brief Fartcoin has increased by nearly 30% in the last 24 hours. Growing confidence among users as exchange reserves decline. Technical indicators predict a potential price target of $0.75.
What a 1% Fed Rate Cut Could Mean for Crypto if Trump’s Tariff Triggers The Simpsons Prediction
Trending news
MoreCrypto prices
More
