{"id":41578,"date":"2025-03-20T08:24:56","date_gmt":"2025-03-20T13:24:56","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=41578"},"modified":"2025-03-20T08:34:15","modified_gmt":"2025-03-20T13:34:15","slug":"pakistan-plans-to-legalise-bitcoin-and-crypto","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/news\/pakistan-plans-to-legalise-bitcoin-and-crypto","title":{"rendered":"Pakistan Plans To Legalise Bitcoin And Crypto"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p class=\"wp-block-paragraph\">Bilal Bin Saqib, CEO of the Pakistan Crypto Council, told\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-20\/pakistan-plans-to-legalize-crypto-in-bid-for-foreign-investment\" target=\"_blank\" rel=\"noopener\"><em>Bloomberg<\/em> on Thursday<\/a> that Pakistan has plans to legalise bitcoin and crypto and implement a regulatory framework to attract foreign investment and boost adoption.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN:  \ud83c\uddf5\ud83c\uddf0 Pakistan is looking to legalize <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> and crypto &#8211; Pakistan Crypto Council CEO <a href=\"https:\/\/t.co\/0Yuut3LBAu\">pic.twitter.com\/0Yuut3LBAu<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1902635916335763595?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 20, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The government aims to devise clear regulations and align with international best practices. Pakistan&#8217;s Finance Minister formed the PCC last week to steer the country&#8217;s crypto strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Pakistan is done sitting on the sidelines&#8221; regarding bitcoin and crypto, Saqib told&nbsp;<em>Bloomberg<\/em>. &#8220;We want to attract international investment because Pakistan is a low-cost, high-growth market with 60% of the population under 30.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Spoke to Bloomberg this morning \ud83d\udc47\ud83c\udffb<br><br>Our message is clear &#8211; Pakistan is done sitting on the sidelines! We want Pakistan as the leader in blockchain-powered finance. Pakistan is a low-cost high-growth market with 60% of the population under 30. We have a web3 native workforce ready\u2026 <a href=\"https:\/\/t.co\/VwhGGh7QWg\">pic.twitter.com\/VwhGGh7QWg<\/a><\/p>&mdash; Bilal bin Saqib MBE (@Bilalbinsaqib) <a href=\"https:\/\/twitter.com\/Bilalbinsaqib\/status\/1902621833427554548?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 20, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Trump is making crypto a national priority, and every country, including Pakistan, will have to follow suit,&#8221; <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-20\/pakistan-plans-to-legalize-crypto-in-bid-for-foreign-investment\" target=\"_blank\" rel=\"noopener\">he said.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This move comes amid a global shift in attitudes towards bitcoin and crypto after the United States pushed for greater mainstream acceptance. The new stance is a stark change for Pakistan, which had previously banned crypto. By embracing bitcoin and crypto early, Pakistan is looking to position itself as a regional leader and attract investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pakistan&#8217;s central bank had expressed concerns earlier. However, the government now seeks to mitigate risks through prudent <a href=\"https:\/\/bitcoinmagazine.com\/legal\">legislation<\/a>. Clear rules could boost innovation and prevent potential abuse of decentralised networks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan unveils plans to legalise bitcoin and crypto and implement a regulatory framework to attract foreign investment and boost adoption.<\/p>\n","protected":false},"author":2513,"featured_media":41579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4378],"tags":[76,1896,1012],"class_list":["post-41578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-bitcoin","tag-legalize","tag-pakistan"],"author_data":{"id":2513,"name":"Vivek Sen","nicename":"vivek-sen-bitcoin","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/cropped-vivek-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/image-3.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/41578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2513"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=41578"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/41578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/41579"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=41578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=41578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=41578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}