Pakistan is finalizing cryptocurrency regulations to attract international investment, with government officials confirming a legal framework for digital asset trading will be introduced this year. Bilal bin Saqib, CEO of the newly formed Pakistan Crypto Council, announced the move during a Bloomberg TV interview, stating the country seeks to transition from its “regulatory grey zone” to establishing clear rules for blockchain-based finance.
The Pakistan Crypto Council, chaired by Finance Minister Muhammad Aurangzeb and comprising leaders from the State Bank of Pakistan and Securities and Exchange Commission, will oversee policy development. Saqib emphasized Pakistan’s readiness to leverage its youth demographic—60% of the population is under 30—and its Web3-native workforce to position the nation as a blockchain innovation hub. The regulations aim to formalize an estimated 20 million active crypto users reportedly conducting over $20 billion in annual transactions.
The initiative follows Prime Minister Shehbaz Sharif’s establishment of the council in March 2025 to modernize the economy and reduce reliance on traditional banking. If implemented, Pakistan will become South Asia’s first country to legalize cryptocurrencies, outpacing India’s cautious stance and Bhutan’s limited Bitcoin mining operations. The framework includes plans for Virtual Asset Zones to attract foreign startups and a proposed Bitcoin Strategic Reserve modeled after U.S. proposals.
Saqib linked the policy shift to global trends, noting former U.S. President Donald Trump’s push for crypto-friendly policies. The regulations will address anti-money laundering concerns while tapping into Pakistan’s $35 billion remittance market through blockchain efficiency. Penalties for unlicensed crypto operations will be enforced to align with international compliance standards.
The State Bank of Pakistan simultaneously plans to launch a retail-focused central bank digital currency by late 2025. Officials say the dual approach balances innovation with financial security, aiming to transform Pakistan into what Saqib calls a “low-cost, high-growth crypto capital” for global investors.
Sources:
Pakistan plans to legalise crypto in bid for foreign investment: Bloomberg
https://gnnhd.tv/news/44993/pakistan-plans-to-legalize-cryptocurrency-to-attract-global-investment
Pakistan forms new ‘Crypto Council’ to regulate blockchain and digital assets
Pakistan Set to Legalize Cryptocurrency for Foreign Investment
https://mettisglobal.news/pakistan-to-legalize-crypto-trading-to-attract-global-investment/
https://www.cnbctv18.com/market/pakistan-moves-to-legalise-crypto-eyes-foreign-investment-amid-global-shift-19576571.htm
https://coinedition.com/pakistan-legalizes-crypto-eyes-regional-hub-status-after-us-discussions/
