Recent Crypto Developments in Pakistan
Pakistan has seen a surge in cryptocurrency adoption, recently climbing to 4th place globally in crypto adoption rankings. This growth is fueled by a young, tech-savvy population and rising inflation, which has driven interest in alternative financial systems. Despite previous government resistance—such as statements from Minister of State for Finance Aisha Ghaus Pasha that crypto would “never be legalized”—Pakistan is now actively shifting toward integration.
In late 2025, the government established the Pakistan Virtual Assets Regulatory Authority (PVARA) to regulate the digital asset sector. The country has also appointed Bilal Bin Saqib, CEO of the Pakistan Crypto Council, as Special Assistant to the Prime Minister on blockchain and crypto, signaling high-level commitment.
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