Pakistan is rapidly adopting blockchain and crypto. The government has signed an agreement with Binance under which up to 2 billion dollars worth of public assets can be tokenized and a national stablecoin will be prepared. Binance will advise the government on bringing bonds, treasury bills, and reserves like oil, gas, and metals onto the blockchain.
Pakistan has become the third largest retail crypto market in the world, with approximately 40 million users and annual transactions of 300 billion dollars. Binance and HTX have received preliminary approval. Additionally, the government plans to allocate 2000 megawatts of electricity for the testing of a CBDC, strategic Bitcoin reserves, and Bitcoin mining and AI data centers.
In short, Pakistan is no longer just experimenting but is redesigning its financial system from scratch.
