The popularity of cryptocurrency in Pakistan is increasing day by day, and this is the reason why Pakistan is among the top 10 countries in the world where the most investment has been made in cryptocurrency. The public has invested nearly 25 billion dollars in this sector so far, which shows how quickly Pakistani youth are adopting this new technology. But unfortunately, the government has not made any effective legislation in this regard, which has led to thousands of people facing legal issues. As a lawyer and crypto expert, I have seen dozens of cases where individuals' bank accounts have been frozen solely due to cryptocurrency-related transactions. The reality is that even if the government does make a law, it will only be for the purpose of collecting taxes, not to provide convenience or protection to the public. Because if complete and transparent legislation is made, those individuals who use cryptocurrency to launder black money will be blocked, and perhaps this is why the matter is being continuously delayed. It is unfortunate that instead of the public interest, the interests of a specific class are being protected.
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