Pakistan eyes crypto legal framework to spur foreign investors 🇵🇰
Pakistan is planning to establish a comprehensive legal framework for cryptocurrency to attract international investors and assert its presence in the blockchain finance world. The move marks a pivotal shift towards pro-business regulatory clarity, fostering a conducive environment for crypto enthusiasts and investors.
Bilal Bin Saqib, the CEO of the Pakistan Crypto Council, emphasizes the country's ambition to lead blockchain finance, supported by a Web3-native workforce. He believes leveraging blockchain for remittances and trade can benefit Pakistan and other developing nations by reducing traditional banking reliance and transaction fees.
Saqib highlights US President Trump's actions as a catalyst for embracing crypto, indicating global shifts promoting digital asset adoption.
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