In a strategic move aimed at boosting international investment, Pakistan plans to legalize cryptocurrency.

The chief advisor to the finance minister of the Pakistan Crypto Council, Bilal bin Saqib, indicated that the country seeks to establish a regulatory framework for managing digital asset activities.

In an interview with Bloomberg, Saqib emphasized that Pakistan is ready to move beyond merely observing global trends, aspiring to become an appealing market characterized by low costs and high growth, especially with 60% of its population under the age of 30.

He highlighted the nation’s potential, boasting a skilled workforce knowledgeable in Web3 technologies.

On February 25, the finance ministry announced its consideration of setting up a National Crypto Council to embrace emerging digital currencies.

This council will oversee policy development, tackle regulatory issues, and ensure the safe and compliant evolution of Pakistan’s digital asset ecosystem.

It aims to collaborate with other nations to create standard frameworks for international digital economic relations.

Saqib remarked that the U.S. under President Donald Trump has prioritized crypto, noting the necessity for Pakistan and other nations to follow suit as global interest in digital currencies increases.