Pakistan Seeks to Become Global Digital Asset Hub

Pakistan is making strides in integrating cryptocurrencies into its national financial infrastructure. In a significant policy shift, the country's central bank has authorized local banks to provide services to licensed virtual asset providers.

This change reverses an eight-year period of restricted regulated activity in the sector and marks a major step towards transforming Pakistan into a global hub for digital assets.

The government has established the Pakistan Crypto Council to promote blockchain technology and digital assets. The council aims to guide the transition and attract major international industry participants.