$BTC #pakistan #BTCVSGOLD
Pakistan is making significant strides in the crypto world! The country is set to launch its first government-backed stablecoin, which is expected to boost financial inclusion and economic growth. This move is part of Pakistan's broader strategy to integrate digital assets into its economy and position itself as a leader in digital finance ¹ ².
The Pakistan Virtual Assets Regulatory Authority (PVARA) is working to establish a regulatory framework for digital assets, including a licensing regime for exchanges and custodians. The country is also exploring the creation of a strategic Bitcoin reserve and has allocated 2,000 megawatts of electricity for Bitcoin mining and AI data centers ² ¹.
Additionally, Pakistan is working to modernize its digital payments system and build local talent pipelines to meet the rising demand for blockchain and Web3 skills. The country has also been engaging with global crypto exchanges to promote innovation and regulate its fast-growing digital market ³.
As of today, the price of Bitcoin (BTC) in Pakistani Rupee (PKR) is approximately 25,113,200 PKR, with a 0.13% decrease in the last 24 hours ⁴.