Crypto adoption in Pakistan moves full steam ahead as frameworks could soon become implemented

Quick Take

1 minute read

  • Pakistan crypto adoption is on the move.
  • A province in Northwest Pakistan calls for changes in the country’s crypto regulation.

A province in the north-west of Pakistan has just recently become the first legislative assembly to call for changes in how the country views the world of crypto.

Over the course of the past few years, Pakistan has been relatively slow when it comes to adopting crypto assets and implementing any frameworks for virtual currencies such as bitcoin. The resolution this month to this Khyber Pakhtunkhwa assembly came on the 2nd of December by a member of the provinces assembly and the centrist political party Pakistan Tehreek-e-Insaf, Sumera Shams.

An advisor to Chief Minister Khyber Pakhtunkhwa, Zia Ullah Bangash summed up the resolution as a demand that the federal government take action to help legalise crypto assets in the country. 

Allegedly, it became a unanimous bill that was passed.

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