Table of Contents
Understanding the Current Legal Status of Bitcoin in Pakistan (2025 Update)
Introduction: The Journey of Bitcoin in Pakistan
Since its global debut, Bitcoin has had a rollercoaster journey in Pakistan, marked by evolving sentiments, regulatory uncertainty, and grassroots adoption. From its early days (circa 2017), when digital assets were shrouded in misconceptions, often equated to scams or “Internet money” without real-world value, to 2025, the narrative around cryptocurrency and blockchain technology has progressively matured in the country.
2017-2024: The period was marked by frequent warnings from the State Bank of Pakistan (SBP), sporadic government crackdowns on illegal mining setups, and a surge in peer-to-peer Bitcoin trading. Despite an ongoing lack of clarity, the local appetite for investing in Bitcoin, whether for speculation, cross-border remittances, or digital entrepreneurship, persisted. During this transformative span, LocalBitcoins and Binance P2P platforms gained traction, even as regulatory caution kept mainstream adoption at bay.
2025 Update: What is the Present Legal Status?
In 2025, Bitcoin remains in a regulatory gray area in Pakistan. The SBP and other government bodies have not declared Bitcoin entirely illegal. Still, they have not established extensive regulations allowing its use as a legal tender or a recognized financial asset. The most recent statement from the SBP reaffirmed that no financial institution is authorized to facilitate cryptocurrency transactions. Yet, no explicit law criminalizes individual Bitcoin holding or peer-to-peer transactions.
- Legality vs. Illegality: Buying, selling, and holding Bitcoin is not formally legalized, nor does statutory law explicitly criminalize it. Pakistani citizens engaging in Bitcoin investments typically do so at their own risk, mainly as no consumer protections apply.
- Recent Statements: The SBP’s 2024 circular reiterated caution, citing concerns over money laundering, terror financing, and investor protection, but stopped short of mandating criminal action against individuals.
- Crypto Regulatory Ambiguity: Unlike fiat currencies overseen by central banks, Bitcoin in Pakistan remains largely unregulated, meaning exchanges, payment gateways, and wallet services operate without formal oversight.
How Pakistanis Use Bitcoin Despite Legal Ambiguity
Despite uncertainty, Bitcoin’s decentralized nature and its borderless appeal have resulted in creative workarounds for Pakistani users:
- Diversified investments: Individuals use Bitcoin as a hedge against inflation and currency devaluation. Crypto-assets are seen as a store of value amid PKR instability.
- Remittances: Overseas Pakistanis leverage Bitcoin for cost-effective money transfers, bypassing the high fees of traditional international remittance channels.
- Online Payments & Global Commerce: Some freelancers and entrepreneurs accept Bitcoin from foreign clients, exchanging it peer-to-peer to convert earnings.
These activities often utilize global platforms , such as Binance P2P, Paxful, or informal OTC (over-the-counter) networks, using secure crypto wallets and encrypted communications. However, mainstream payment processors and licensed banks do not support crypto-related transactions.
Legal Implications for Bitcoin Users in Pakistan
The blurred regulatory landscape means risks for Bitcoin users in Pakistan include:
- Penalties or Prosecution: As of 2025, there have been AML-oriented actions against businesses facilitating Bitcoin trade, but individual investors rarely face prosecution unless involved in fraud, terrorism financing, or large-scale money laundering.
- Regulatory Enforcement: Banks may freeze accounts suspected of involvement in cryptocurrency transactions. Crypto exchanges and local “dealers” risk shutdowns during periodic crackdowns.
- Comparison with Other Cryptocurrencies: While Bitcoin remains the highest-profile crypto asset, other coins like Ethereum or USDT (Tether) face similar ambiguity. However, tokens associated with illegal schemes attract more regulatory scrutiny.
Engaging in the crypto sector in Pakistan carries regulatory risk, but, unless linked to larger financial crimes, most retail Bitcoin participants have faced relatively low legal jeopardy in recent years.
Timeline Table: Meaningful Bitcoin Legal Developments in Pakistan (2017-2025)
| Year | Event | Legal Impact |
|---|---|---|
| 2017 | Bitcoin’s popularity surges, initial SBP warnings issued | Latest SBP circular warns against crypto, but no direct criminalization of holders |
| 2018 | SBP Circular: Expresses concern about digital currencies | Banks prohibited from crypto transactions; grey area for individuals |
| 2019-2020 | Increase in peer-to-peer trading and underground crypto markets | Continued regulatory ambiguity; occasional enforcement actions |
| 2021 | Multiple SBP statements reaffirming crypto as “not legal tender” | No clear law either legalizing or banning possession/trade |
| 2022-2023 | pilot discussions on blockchain regulation; Binance P2P dominates | No effective policy change; enforcement targets scams more than usage |
| 2024 | Continued warnings; draft regulations floated but not enacted | Legal status unchanged, but heightened scrutiny by financial authorities |
| 2025 | Latest SBP circular warns against crypto but no direct criminalization of holders | Bitcoin still lies in an unregulated grey zone; existing risks persist |
As the Bitcoin landscape continues to shift, key government regulations and policies are now shaping crypto adoption and compliance across Pakistan. In the next section, we examine the major regulatory bodies, evolving legal frameworks, and their implications for everyday users and blockchain entrepreneurs.
Key Government Regulations and Policies Shaping Bitcoin Use in Pakistan
Overview of Regulatory Bodies
The actions of several pivotal institutions shape the landscape of cryptocurrency regulation in Pakistan. At the epicenter is the State Bank of Pakistan (SBP), which sets the tone for digital currencies with policy statements and notices that frequently reverberate across the financial sector. The Securities and Exchange Commission of Pakistan (SECP) also plays a critical role, especially regarding investment, startup innovation, and exchange listing compliance. On the other hand, the Federal Board of Revenue (FBR) brings the lens of taxation, reporting, and anti-evasion measures, which are crucial in tracking undeclared digital assets and possible tax evasion schemes.
- SBP: Oversees monetary policy, banking operations, and issues banking regulations concerning digital currencies and fiat on- and off-ramps.
- SECP: Regulates public offerings, investment products, and assesses the risks of securities fraud in emerging sectors, such as cryptocurrency.
- FBR: Responsible for the taxation regime and the monitoring of cryptocurrency-related income for compliance with Pakistani laws.
Critical Regulations and Policy Changes
The regulatory framework for Bitcoin and other cryptocurrencies has evolved in response to increasing adoption and global pressure for robust oversight. The SBP’s repeated circulars on digital currencies, most notably the 2018 circular and subsequent updates, reiterate that banks and payment service providers are prohibited from facilitating crypto-related transactions. These notices have impacted the legality and accessibility of exchanges and peer-to-peer trading platforms.
The SECP has issued various consultative papers and public statements addressing the risks and potential of blockchain technologies and digital assets. While the SECP stops short of endorsing cryptocurrencies as legal tender or securities, it emphasizes investor due diligence and discourages unauthorized investment products. In parallel, the FBR increasingly requires crypto holders to file income reports where digital assets are involved, highlighting a shift towards recognizing crypto as taxable property.
- SBP Circular (2018 & revisions): Prohibits all banking and financial institutions from processing, using, trading, holding, transferring value, promoting, or investing in virtual currencies and tokens.
- SECP Advisory: Warns investors about unregulated crypto exchanges and encourages clarity from platforms engaging in crypto services.
- FBR Guidance: Outlines reporting obligations for crypto-related gains in annual tax filings.
Pakistan’s Approach to Crypto Exchanges
While the global cryptocurrency ecosystem has seen an explosion of exchanges and platforms, Pakistan remains in a regulatory limbo. The government has yet to formalize licensing requirements for operating a crypto exchange, leading many companies to operate in an unregulated or semi-regulated capacity.
Throughout 2023 and 2024, law enforcement and financial authorities have conducted periodic crackdowns on unregulated exchanges, often citing money laundering and consumer protection violations. Together, the government has shown sporadic support for blockchain startups in non-speculative applications, such as supply chain tracking, which are perceived as less risky than Bitcoin trading.
- Unregulated Exchanges: Many operate without local licenses, exposing users to uncertain legal standing and risks of sudden shutdowns.
- Startups and Innovation: Pilot projects in blockchain for logistics, health, or public records may receive cautious encouragement.
AML/KYC Compliance in Pakistan’s Crypto Landscape
Anti-Money laundering (AML) and Know Your Customer (KYC) requirements are critical in the international fight against illicit financial flows, and Pakistan’s compliance is heavily scrutinized by bodies such as the Financial Action Task Force (FATF). The SBP and SECP insist on robust customer identification processes for any financial platform, digital or otherwise.
While truly local, regulated crypto exchanges are rare, global platforms accessible from within Pakistan frequently enough require rigorous KYC checks. There is also growing cooperation with international watchdogs to identify suspicious transactions and terrorism financing risks associated with pseudonymous cryptocurrencies.
- Mandatory KYC: Most platforms, although unregulated locally, require government-issued ID and address verification from Pakistani users.
- International Standardization: Efforts to align with FATF recommendations are ongoing, with periodic updates to AML frameworks.
Recent Amendments or Proposed Bills (2024-2025)
2024 and 2025 are pivotal years for the regulatory outlook. Several amendments and proposals have been floated in the federal parliament and by leading regulatory bodies. Among the most discussed are:
- Crypto Regulatory Bill (draft stage): Aims to define virtual assets, set up licensing for exchanges, and clarify taxation and AML requirements.
- Proposed FBR Crypto Tax Amendment: Seeks to explicitly include digital asset gains in the annual income tax framework, mandating disclosure of wallets and transactions exceeding certain thresholds.
- Parliamentary Debates: Ongoing discussions highlight significant divisions between advocates of innovation and those prioritizing financial security.
Connecting to What Lies Ahead
With the regulatory climate still evolving, investors and everyday users must remain alert to new requirements and potential enforcement actions. However, as Bitcoin’s popularity grows in Pakistan, it is indeed essential to understand not just the law but also the unique risks and challenges specific to the Pakistani crypto space. In the next section, we’ll delve into the significant challenges and risks facing Bitcoin investors in Pakistan, from legal ambiguities to the prevalence of scams and the daily obstacles users encounter.
Significant Challenges and Risks Facing Bitcoin Investors in Pakistan
Legal Uncertainties and Potential Repercussions
The legal status of Bitcoin in Pakistan (cryptocurrency legality) continues to fluctuate within a regulatory grey area. Investors face constant uncertainty surrounding government positions and enforcement. The lack of clear, investor-friendly regulations makes it difficult for individuals and businesses to operate confidently in the crypto market. At any time, sudden regulatory actions, statements, or policy shifts could impact existing holdings or ongoing transactions. There are no formal investor protection or remediation mechanisms; those affected by scams or official crackdowns have limited recourse in local courts or with law enforcement agencies.
- Regulatory risk: Pakistani authorities can impose bans, restrictions, or asset freezes without advance notice.
- No protection against loss: Unlike regulated financial products, investors have no insurance or legal protection for lost digital assets.
- Ambiguity in tax treatment: Ongoing changes in capital gains regulations could result in retroactive liabilities or fines.
Technical and Security Risks
The surge in crypto interest in Pakistan has presented numerous security challenges. Hackers, phishing schemes, and fraudulent exchange platforms abound. As the broader population is still developing digital literacy and cyber awareness, even experienced Bitcoin users are susceptible to technical risks. The absence of regulated crypto exchanges increases exposure to scams, while users relying on international platforms might breach local banking rules.
- Wallet compromise: Mismanagement of private keys or poor wallet security frequently leads to permanent asset loss.
- Pyramid schemes & Ponzi scams: Many have been lured into fraudulent crypto investment programs promising guaranteed returns.
- Fake peer-to-peer marketplaces: Rogue actors pose as legitimate traders, often disappearing after receiving payment.
financial Risks
Bitcoin’s price volatility can expose Pakistani investors to significant financial losses. With BTC prices shifting drastically within short periods, inexperienced holders risk “buying the top” or panic selling during crashes. Additionally, converting Bitcoin to PKR is not straightforward due to local restrictions. This illiquidity results in wider bid-ask spreads, difficulties in cashing out, and higher transaction costs.
- Price swings: Sudden crashes in global cryptocurrency markets can wipe out personal savings within hours.
- Liquidity challenges: Limited access to trusted local fiat off-ramps means sellers may accept unfair rates or fall victim to scams.
- Capital controls: Larger transactions may be flagged under anti-money laundering policies, with assets frozen pending investigation.
Banking and Remittance Obstacles
Most major Pakistani banks have adopted a cautious or outright adverse stance toward crypto-related transactions. Peer-to-peer Bitcoin trading, a standard method in the region, often operates outside the formal banking system due to frequent account freezes and sudden transaction blocks. This also affects remittance activity, as traditional legal remittance channels do not recognize cryptocurrency transfers.
- Blocked transactions: Withdrawals from/to crypto exchanges or apps are frequently enough reversed, or accounts are temporarily frozen if flagged as suspicious.
- Lack of banking integration: Crypto-friendly banking infrastructure is nearly nonexistent; users resort to cash-based networks or informal money transfers like Hawala.
- Cross-border regulations: Moving funds internationally via Bitcoin is complicated by reserve bank oversight and global AML agreements.
Social and Economic Perception
Social attitudes toward Bitcoin remain mixed. The media often portrays cryptocurrencies as tools for crime or financial speculation, reinforcing a stigma of illegality. This climate discourages open discussion and education, thereby increasing the risk of uninformed decisions. Many investors are reluctant to seek help in the event of a loss, fearing involvement with authorities. The lack of reliable, local-language information fuels misconceptions, making the population more vulnerable to misinformation and predatory scams.
- Negative media narratives: Regular stories of fraud or ”crypto crackdowns” dominate news headlines, overshadowing legitimate innovation.
- Community reluctance: Peer discussion is frequently suppressed, hindering the growth of responsible cryptocurrency communities and educational programs.
- Economic skepticism: With no formal regulatory oversight, many view bitcoin as pure speculation, rather than a long-term financial instrument.
Case Studies and Recent Incidents
Specific incidents illustrate the unique risks Pakistani investors face:
- Fake Investment Platforms (2023): An allegedly regulated Pakistani crypto exchange vanished overnight, reportedly stealing over 200 million PKR worth of user deposits. Victims had no legal recourse due to the unregulated status of the platform.
- Bank account freezes: Several individuals reported that their accounts were frozen after conducting large Bitcoin trades. Despite showing evidence of legitimate trades, unfreezing required lengthy investigations and sometimes intervention from legal counsel.
- High-Profile Scam Exposure (2022): The FIA and provincial cybercrime wings warned the public against online “mining schemes” that collected millions in purported Bitcoin investments, returning no payouts.
These stories serve as cautionary tales, emphasizing the need for due diligence, awareness of legal boundaries, and vigilance against threats endemic to the Pakistani cryptocurrency sector.
Next, we’ll analyze the pivotal role of the State Bank of Pakistan in cryptocurrency oversight, exploring how its policies directly shape the crypto landscape for both consumers and blockchain businesses.
The Role of the State Bank of Pakistan in Cryptocurrency Oversight
Mandate and Authority of the SBP
The State Bank of Pakistan (SBP) stands as the country’s primary monetary authority, entrusted with preserving financial stability and regulating all aspects of the nation’s currency, payment systems, and monetary policy. As both the central bank and national regulator, the SBP’s mandate explicitly includes oversight of activities involving money transmission, foreign exchange, and the mitigation of systemic financial risk. In the realm of digital currencies and cryptocurrencies like Bitcoin, the SBP has asserted its jurisdiction to ensure Pakistan’s financial system remains secure from the risks associated with unregulated and speculative digital assets.
Key Actions and Statements
Since 2017, the SBP has released a series of warnings, notifications, and circulars targeting both local banks and the general public about the dangers and prohibitions surrounding the use of virtual currencies. These communications have frequently emphasized the unregulated status of Bitcoin and associated tokens, often noting the risks of illicit finance, fraud, and consumer loss.
- 2018 Circular (No. 3 of 2018): The SBP expressly prohibited all banks, microfinance institutions, and payment service providers from “processing, trading, or promoting in virtual currencies and tokens.” The circular stated, “No entity or individual shall provide virtual currency exchange or facilitate any transaction involving cryptocurrencies.”
- 2020 and 2023 Reiterations: The SBP continued to remind the public and financial sector that digital tokens, including Bitcoin, Ethereum, and stablecoins, are not recognized as legal tender in Pakistan. These statements frequently highlight the risks of money laundering and the use of cryptocurrencies for terrorist financing.
- Occasional Enforcement Actions: Pakistani authorities, backed by the SBP’s guidance, have occasionally directed commercial banks to block or flag transactions suspected of involving crypto trading, and suspended certain accounts identified as participating in peer-to-peer exchanges.
Although formal prosecutions remain rare, a pattern of de-banking (freezing of accounts) and denial of service to individuals identified as crypto investors has emerged, essentially dictating how institutions respond to the SBP policy.
Engagement (or Lack Thereof) with the Crypto Industry
While some developing countries have hosted public consultations or opened pathways for dialogue with the blockchain industry, the SBP’s engagement with Pakistan’s crypto entrepreneurs and fintech startups has been limited.
- No Licensing or Regulatory Sandboxes: As of early 2025, the SBP has not announced any formal programs to license crypto exchanges, nor invited industry leaders into regulatory sandboxes-a move which, in other nations, has helped shape progressive compliance models.
- Indirect channels: However, informal interactions have occurred, such as through the Pakistan Software Export Board or IT ministry-led delegations, where crypto advocates seek clarity on future legalization and regulatory innovation.
- Position on Blockchain Startups: The SBP appears to support blockchain applications outside of pure cryptocurrencies, signaling regulatory favor toward innovation that does not involve direct digital asset speculation.
This cautious stance has left Pakistani crypto startups operating in a regulatory grey area, making it challenging to build trustworthy, compliant platforms or attract formal investment.
Monitoring and Control Mechanisms
Leveraging its authority over the formal financial sector, the SBP has implemented several oversight mechanisms to prevent the flow of funds between banks and unregulated crypto markets:
- Transaction Monitoring: Banks and fintechs are instructed to closely monitor unusual patterns (e.g., rapid deposits and withdrawals, or known crypto-related keywords in transaction descriptions).
- Blacklisting: Certain crypto exchange URLs and wallet services have been blocked at the ISP level, in coordination with the Pakistan Telecommunication Authority (PTA).
- Inter-agency Collaboration: The SBP works with agencies such as the Federal Investigation Agency (FIA), FBR, and international bodies like the Financial action Task Force (FATF) to strengthen anti-money laundering (AML) measures and recommend know-your-customer (KYC) controls.
Though, effective oversight remains limited primarily to on-ramps and off-ramps-the connection points where fiat currency enters or leaves the crypto ecosystem-leaving P2P marketplaces somewhat beyond the SBP’s direct reach.
Impact of SBP Policy on Regular Users and Businesses
The SBP’s unyielding stance has produced several tangible impacts on individual investors, blockchain entrepreneurs, and the broader Pakistani fintech ecosystem:
- Chilling Effect on Mainstream Adoption: For the average user, the fear of account blockage or regulatory investigation has stifled open participation in digital asset trading.
- Deterring Investment: The lack of clear crypto regulations dissuades both foreign and domestic investment in local platforms, constraining the growth of a vibrant crypto sector.
- Complex Remittance Flows: Pakistan’s robust remittance corridor has not yet benefited from Bitcoin-based transfers due to compliance risks, even as demand grows among freelancers, remote workers, and SMEs.
- Compliance Burden: Financial institutions bear a heavy obligation for implementing SBP directives, leading to increased internal policing, upgraded monitoring software, and added operational costs.
- Innovation Slowdown: Entrepreneurs seeking to explore blockchain-based solutions must carefully separate their activities from anything resembling cryptocurrency dealing, lest they face regulatory backlash.
While the State Bank of Pakistan’s approach has limited the unchecked spread of digital assets and helped protect a largely uninitiated population from crypto scams, it has also restrained technological innovation and the integration of global financial trends in Pakistan.
Coming Up: Future Outlook – Will Bitcoin Become Legal Tender in Pakistan by 2025?
With the SBP’s stance firmly influencing present realities, the question remains whether evolving political, economic, and technological dynamics could shift government policy and open the door for Bitcoin’s formal acceptance. The following section explores legal tender prospects, political will, and the possible roadmap to crypto legalization in Pakistan.
Future Outlook: Will Bitcoin Become Legal Tender in Pakistan by 2025?
Current Governmental Attitudes Toward Legalization
As of 2025, the pakistani government and its financial regulators-including the State Bank of Pakistan (SBP)-have maintained a cautious distance from legalizing Bitcoin as an official currency. Recent statements from SBP officials and Ministry of Finance representatives underscore concerns around consumer protection, illicit financing, and the volatility of digital assets. In March 2024, a senior SBP spokesperson noted that “while blockchain technology offers promise, public use of cryptocurrencies remains outside our recognized payment systems.” Other policymakers have echoed these sentiments, frequently citing anti-money laundering (AML) and counter-terror financing (CTF) obligations under FATF recommendations as significant hurdles to full-scale adoption.
On the political front, a small cluster of legislators has advocated for studying digital assets as part of broader fintech innovation and financial inclusion strategies. However, these voices remain in the minority, with more conservative policymakers viewing crypto through a lens of risk, money laundering, and speculative behavior.
Requirements and Prerequisites for Legal Tender Status
For Bitcoin to achieve legal tender status in Pakistan, several regulatory, legislative, and technological milestones must be met:
- Comprehensive Regulatory Framework: Drafting, debating, and enacting precise crypto legislation to define Bitcoin’s status and usage limits.
- Integration with Pakistan’s banking System: Developing Know Your Customer (KYC) and AML protocols that satisfy both local and international standards.
- Central Bank Support: Explicit endorsement or controlled sandbox testing by the SBP, allowing financial institutions to transact in or hold Bitcoin.
- Public Awareness and Consumer Protection: Launch of government-backed educational initiatives to address misconceptions and minimize fraud.
- International Precedents: Observing outcomes from countries such as El Salvador’s Bitcoin experiment and adapting best practices to the Pakistani context.
Until these key prerequisites are met, Pakistan is likely to remain in a “regulatory grey zone” with neither a complete ban nor open legalization.
Indicators to Watch: Signs Pakistan May Embrace or Ban Bitcoin
Several indicators will signal a significant shift in Pakistan’s approach to Bitcoin:
- Parliamentary Bills and Debate: The tabling of crypto legalization bills or active public debate in the National Assembly would mark a significant turning point.
- Pilot Projects: Government-sanctioned blockchain pilots or digital currency sandboxes (perhaps for state or cross-border remittance platforms) would demonstrate an openness to digital currency innovation.
- International Pressure: Ongoing compliance with FATF directives on anti-money laundering could push Pakistan either to establish strong crypto oversight or impose stricter bans.
- Collaboration with Crypto Exchanges: Government collaboration with established crypto firms for licensing or infrastructure may signal upcoming regulatory acceptance.
- Public Consultations: Invitations for public or industry input from the SECP, FBR, or SBP would indicate policy development is underway.
Potential Benefits and Risks of Adoption
Benefits
- Financial Inclusion: Enabling unbanked populations to access secure, decentralized finance services.
- Remittance Efficiency: Lowering fees and improving speed for overseas remittances, a critical flow for Pakistan’s economy.
- Economic Innovation: Encouraging blockchain startups and next-generation fintech ventures in the digital economy.
- Transparency and Security: Utilizing the transparent ledger of Bitcoin for specific state and private sector payments.
Risks
- Financial Stability: Extreme price volatility could impact savers and government monetary policy.
- Regulatory Evasion: Increased likelihood of tax evasion, illicit money flows, and regulatory challenges in a cash-dependent economy.
- Security Threats: Proliferation of scams, hacks, and lack of recourse for digital asset theft.
- AML/CFT Compliance Risks: Challenges in Tracing and Verifying Crypto Transactions for Law Enforcement.
Expert Opinions and Forecasts
Most Pakistani economic analysts and fintech experts remain cautious in their forecasts about the prospect of bitcoin becoming legal tender by 2025. Dr. Ayesha Khan, a Lahore-based economist, observes, “Without a regulated pathway and a clear digital asset tax regime, it’s unlikely the government will take the leap.” Similarly, voices from the crypto industry, such as Abdul Rehman of a leading Pakistani blockchain startup, emphasize the need for “incremental change-first permitting regulated exchanges, then considering broader legal uses.”
International experts warn about systemic risk. The IMF and World Bank recommend thorough impact studies before any developing country considers Bitcoin as legal tender, citing setbacks experienced by early adopters where infrastructure or public knowledge is limited.
Conclusion: Realistic Assessment for 2025 Legalization
In summary, while the notion of Bitcoin becoming legal tender in Pakistan by 2025 attracts attention, existing policy statements, international regulatory pressures, and the country’s cautious approach to monetary reform make such a scenario highly unlikely in the short term. However, gradual regulatory clarity, public dialogue, and fintech innovation may pave the way for tighter integration of cryptocurrencies in Pakistan’s economy, perhaps starting with regulated trading, oversight, and targeted pilot programs.
Recap:
- The government remains wary, emphasizing the risks of volatility and regulatory evasion over the benefits of innovation.
- Significant legal and structural reforms, as well as regional and international developments, will shape future policy.
- For now, users and investors should stay updated on regulatory news, exercise caution, and seek professional advice when entering the Bitcoin space in Pakistan.