Pakistan Moves Toward Crypto Legalization for Economic Growth
Pakistan is stepping onto the global crypto stage. Officials are crafting a regulatory framework to welcome digital assets and attract foreign investors.
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The Pakistani government has launched efforts to regulate cryptocurrencies by developing a structured legal framework for digital assets. Given the country’s increasing crypto adoption, this initiative is designed to create a stable regulatory environment, encourage foreign investment, and bolster Pakistan’s blockchain infrastructure.
Spearheading this shift is Bilal Bin Saqib, recently appointed as the digital assets advisor to the Minister of Finance. He asserts that Pakistan is committed to aligning itself with global advancements in digital finance and Web3 technologies.
Check this out: Pakistan’s Leap into AI: A Vision for a Knowledge-based Future
Why Is Pakistan Finally Embracing Crypto?
For a long time, Pakistan stayed on the sidelines of the crypto market, carefully watching from a distance. Despite the growing adoption of digital assets among its citizens, the government hesitated to implement clear regulations, wary of volatility and financial risks. But now, the tide is turning—Pakistan is stepping forward to claim its place in the global crypto ecosystem.
One of the biggest catalysts for this change is the country’s demographics. With over 240 million residents, 60% of whom are under 30, Pakistan is an ideal breeding ground for Web3 innovation, DeFi applications, and blockchain-powered financial solutions.
Pakistan holds the 9th spot worldwide in cryptocurrency adoption, according to Chainalysis. Bilal Bin Saqib notes that an estimated 15 to 20 million Pakistanis are already engaging with crypto, even in the absence of a formal legal framework. This highlights the growing appetite for digital assets and blockchain innovation in the country.
With authorities now drafting crypto regulations, Pakistan has the potential to draw global investors and establish itself as a key player among developing economies in the digital finance sector.
Why Pakistan Is Betting on Crypto Legalization
Pakistan’s push for crypto legalization goes beyond internal policy—it’s a strategic effort to lure international investors and cement the country’s place in the blockchain financial sector. By setting up a transparent regulatory environment, Pakistan hopes to attract major Web3 firms, DeFi platforms, and crypto exchanges eager to expand into fast-growing markets.
This step reflects a larger global shift toward digital asset adoption.
With governments around the world relaxing crypto restrictions, it’s becoming clear that strict prohibitions only fuel the underground economy. Pakistan is now taking steps to stay competitive, particularly as digital assets have already become a major part of its financial ecosystem.
More on Crypto Adoption: Fidelity: Crypto in 2025 and the Global Adoption of Bitcoin
The evolving stance of the U.S. plays a crucial role—Donald Trump has officially prioritized cryptocurrencies, positioning them as a strategic financial tool.
According to Bilal Bin Saqib, this shift will set off a chain reaction, forcing countries like Pakistan to adjust in order to remain competitive in the digital financial landscape. Crypto legalization, therefore, is more than just an internal economic move—it’s a gateway to deeper participation in the global digital economy.
Bilal Bin Saqib: The Architect of Pakistan’s Crypto and AI Revolution
As Chief Advisor to Pakistan’s Crypto Council, Saqib’s main objective is to design a legal framework for cryptocurrencies and position Pakistan as a key player in the global digital economy.
Beyond the crypto sector, he is spearheading AI integration within government structures, guiding policymakers on optimizing public administration, streamlining digital services, and adopting advanced technologies to enhance governance efficiency.
His appointment underscores Pakistan’s commitment to technological progress. The country is not merely regulating crypto—it is fostering an ecosystem where Web3, blockchain, and AI drive innovation across industries.
Read on: Chainalysis Report: Global Cryptocurrency Adoption in 2024
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