🇵🇰 The Marvel of Crypto in Pakistan! 🚀 Trading Over $250 Billion Every Year! 🤯
Binance has just revealed an amazing figure that shows how popular crypto has become in Pakistan: Pakistani users trade more than $250 Billion in crypto every year! 🔥
This figure has been shared with the government as they are creating a National Digital Asset Framework for the country.
Key Numbers 📊
The extent of crypto involvement in Pakistan is evident from these numbers:
* Annual Trading Volume: Over $250 Billion! This is just Binance's data.
* Registered Users on Binance: Approximately 17.5 Million (1.75 Crore) Pakistani users are registered on Binance.
* Virtual Assets Held: These users hold approximately $5 Billion in virtual assets only on Binance.
Impact on the Economy 💡
Such a large trading volume indicates several important points:
* Financial Inclusion: Crypto adoption is very high, and Pakistan has become a major hub for grassroots crypto activity in the Asia-Pacific (APAC) region.
* Asset Utilization: Binance officials state that the $5 Billion in virtual assets can be reinvested into the economy in Pakistani rupees, which will boost economic growth.
* Remittances: Blockchain-based systems can significantly reduce the annual cost of $38 Billion in remittances for the country.
The government is now in talks with major players like Binance to create a sovereign debt tokenization and practical taxation framework. A "time-bound amnesty" is also being considered so that assets can be brought onto regulated platforms.
This is a clear signal: Pakistan is becoming a global crypto powerhouse! What do you think about the government's push to create a regulatory framework? Be sure to share in the comments! 👇
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