Pakistan launched the National Crypto Council recently as the country plans to impart a legal status to crypto assets as an investment instrument. The Pakistan Crypto Council, led by the finance minister, with the heads of the country’s central bank and securities and exchange commission as board members, oversees the creation of a legal framework to foster a crypto-friendly regulatory environment and encourage institutional adoption.
Encouraged by Donald Trump’s push for a Strategic Bitcoin Reserve, Pakistan aims to position itself alongside the likes of Dubai, Singapore, Hong Kong, etc as a prominent crypto destination in South Asia.
Source: Bloomberg