In a significant move towards embracing digital currencies, Bilal bin Saqib, the CEO of Pakistan’s Cryptocurrency Board, announced plans to implement a regulatory framework for cryptocurrencies, aiming to position Pakistan as a pivotal player in the blockchain finance sector. This initiative seeks to foster a conducive environment for international investment, signaling that Pakistan is actively pursuing regulatory clarity in the rapidly evolving crypto landscape. Saqib emphasized the urgency for a business-friendly legal framework that could enhance the country’s appeal to global investors. Under his recent appointment as Chief Advisor to the Ministry of Finance for cryptocurrency governance, Saqib highlighted that Pakistan boasts an impressive 20 million cryptocurrency users, as per recent analytics from Chainalysis, which ranked the country ninth globally in terms of crypto adoption rates. This strategic move indicates Pakistan’s commitment to becoming a leader in the cryptocurrency ecosystem.
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