Pakistan is set to legalize cryptocurrency and implement a regulatory framework to attract foreign investment, according to Bilal bin Saqib, the country’s newly appointed crypto advisor. With millions of Pakistanis already engaged in crypto, the government seeks to establish clear guidelines to support growth and innovation.
Pakistan to Legalize Crypto, Aims to Attract Global Investment
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Pakistan Moves to Regulate Cryptocurrency for Foreign Investment
Pakistan is taking a bold step toward legalizing cryptocurrency to position itself as a key player in the global digital finance space. Bilal bin Saqib, the newly appointed Chief Advisor to the Finance Minister for the Pakistan Crypto Council, outlined the country’s vision, emphasizing the need for a clear regulatory framework to encourage investment and innovation.
According to a Bloomberg interview, he highlighted that 15 to 20 million Pakistanis currently hold crypto, with billions of dollars in transactions, making legalization a crucial step for economic growth.
“Pakistan is done sitting on the sidelines. We want regulatory clarity and a pro-business legal framework. We want Pakistan as a leader in blockchain-powered finance, and we want to attract international investment,” Bilal stated.
The government is exploring regulatory sandboxes to provide startups with a controlled, compliant environment. Pakistan’s low operational costs also make it a competitive alternative to crypto hubs like Dubai and Singapore.
Additionally, Bilal sees U.S. President Trump’s pro- crypto stance as a turning point for the industry, arguing that global economies, including Pakistan, must embrace digital assets to remain competitive.
With strategic engagement with regulators in the UAE, Nigeria, and Türkiye, Pakistan aims to build a robust ecosystem that supercharges its fintech sector and attracts international capital.
