ISLAMABAD: Pakistan is preparing to legalize cryptocurrency to attract international investment, according to Bilal Bin Saqib, chief adviser to the finance minister of the Pakistan Crypto Council.
Bilal Saqib stated that the country aims to establish “a clear regulatory framework for governing digital-asset activities to boost the local ecosystem.”
“Pakistan is done sitting on the sidelines,” he said, emphasizing the country’s appeal as a “low-cost, high-growth market” where 60% of the population is under 30.
“We have a Web3-native workforce ready to build,” he added.
On February 25, Pakistan’s finance ministry announced the creation of the National Crypto Council to regulate and integrate digital currencies in line with global trends. Bilal Bin Saqib was appointed as the chief adviser to the finance minister on the council.
The council’s role will be to shape crypto policy, address regulatory challenges, and ensure the sector evolves securely and sustainably. It will also collaborate with international partners to develop standardized frameworks for digital economic engagement.
Saqib highlighted the global shift toward cryptocurrency, stating, “Trump is making crypto a national priority, and every country, including Pakistan, will have to follow suit.”
US President Donald Trump recently announced five digital assets that will be included in a new US crypto strategic reserve, causing their market values to surge.
Trump has actively supported the crypto industry since his 2024 election campaign, a stark contrast to his predecessor Joe Biden, whose administration implemented strict regulations aimed at curbing fraud and money laundering in the sector.
