Pakistan Advances in the Adoption of Bitcoin and Digital Assets
Pakistan is integrating Bitcoin and other digital assets into its new financial framework, according to Cointelegraph. Bilal Bin Saqib, president of PVARA, emphasized that the country needs to overcome outdated economic models and treat crypto assets as essential infrastructure, not merely as speculation.
With a youthful population, 70% under the age of 30, the country sees great potential to create a regulated cryptocurrency ecosystem. Pakistan is already among the fastest-growing markets in the world and ranks third in the Chainalysis Global Cryptocurrency Adoption Index.
The government plans to reserve Bitcoin, adopt more favorable policies for the sector, and has allocated 2,000 MW of surplus energy for mining and AI centers. Additionally, it has opened applications for global cryptocurrency companies to request licenses under the new regulatory framework, reinforcing its commitment to integrating digital assets into national economic growth.
