Pakistan eyes crypto legal framework to spur foreign investors

Pakistan aims to regulate crypto to become a leader in blockchain finance and attract international investment, says Bilal Bin Saqib.

Pakistan is planning to create a legal framework for crypto to try to lure international investors to the Central Asian country.

“Pakistan is done sitting on the sidelines; we want to have regulatory clarity; we need to have a legal framework that is pro-business,” Pakistan Crypto Council CEO Bilal Bin Saqib told Bloomberg on March 20.

“We want Pakistan as the leader in blockchain-powered finance, and we want to attract international investment,” he added. “Sixty percent of the population is under 30 [years old], we have a Web3-native workforce ready to build.”

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