Bilal Bin Saqib, chief adviser to the finance minister at the Pakistan Crypto Council, announced that Pakistan plans to legalize cryptocurrency.
In a Bloomberg interview, Saqib revealed plans for a clear regulatory framework. This Pakistan crypto legalization aims to spark international investment and grow the local digital ecosystem.
“Pakistan will no longer remain on the sidelines,” Saqib stated. He emphasized the country’s potential as a low-cost, high-growth market, noting that 60% of its population is under 30. “Our workforce, native to Web3, is ready to build,” he added.
Spoke to Bloomberg this morning 👇🏻
Our message is clear – Pakistan is done sitting on the sidelines! We want Pakistan as the leader in blockchain-powered finance. Pakistan is a low-cost high-growth market with 60% of the population under 30. We have a web3 native workforce ready… pic.twitter.com/VwhGGh7QWg
— Bilal bin Saqib MBE (@Bilalbinsaqib) March 20, 2025On February 25, the finance ministry proposed establishing a National Crypto Council and appointing Saqib as an adviser. The council will be responsible for shaping policies, addressing regulations, and ensuring a secure environment for digital assets.
Read: Pakistan Crypto Council Launched to Regulate Blockchain
Saqib tied the move to U.S. President Donald Trump’s crypto push. “Trump’s making it a national priority Pakistan must follow,” he said. Trump recently named Bitcoin, Ether, XRP, SOL, and ADA for a U.S. crypto reserve, boosting their value. His January executive order aims to make the U.S. the “Crypto Capital of the World,” a shift from Biden’s regulatory crackdown. Pakistan’s council will also work with allies to align globally. This Pakistan crypto legalization could reshape its economy, tapping youth and innovation.
