Pakistan advances Bitcoin as the country's financial infrastructure, regulatory framework development officially launched

Source: TokenPost
Original Title: Pakistan Moves to Adopt Bitcoin[image]BTC( as a National Financial Infrastructure…Regulatory Reforms Accelerate
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Pakistan considers Bitcoin)BTC( and digital assets as key infrastructure for a new financial system serving a population of 240 million. This statement was made at the Bitcoin MENA Conference held in Abu Dhabi. It indicates that Pakistan is accelerating its efforts to formally incorporate the cryptocurrency market into its regulatory system.

Bilal Bin Saqib, Chairman of the Pakistan Virtual Asset Regulatory Authority)PVARA(, stated during a roundtable discussion at the event, “We see Bitcoin and digital assets, blockchain not just as speculative tools but as new financial infrastructure.” He emphasized, “We can no longer trust the existing economic model” and “we should view these technologies as the foundation for a new financial system for the Global South.”

Chairman Saqib, who previously served as Special Advisor on Blockchain and Cryptocurrency to the Prime Minister, is currently leading the regulatory authority. He said, “Pakistan is one of the largest unregulated cryptocurrency markets in the world,” adding, “Our task is to transform it into a legitimate and investment-friendly ecosystem.”

This statement suggests that Pakistan is actively moving toward formalizing digital assets amidst growing interest in the Middle East region. Given that regulatory gaps have long been pointed out, the future environment for cryptocurrency investment in Pakistan could change significantly depending on policy directions and speed.

) Market Analysis

As the Pakistani government begins to recognize Bitcoin as a national financial infrastructure, it is important to observe the flow of cryptocurrency acceptance in emerging markets. Bitcoin and digital assets are emerging beyond mere investment tools to become ‘tools for redesigning the financial system.’

( Strategic Points

Pakistan, still in the early stages of implementing regulation, could serve as a hub for foreign capital inflows and global exchange entry in the future. There is also potential to develop as a digital asset hub connecting the Middle East and South Asia.

) Term Clarification

PVARA: Abbreviation for Pakistan Virtual Asset Regulatory Authority, the regulatory authority for virtual assets in Pakistan.

Global South###Global South###: A term primarily referring to developing countries located in the Southern Hemisphere.