Pakistan ranks among the top in global crypto adoption, with an estimated $300 billion in annual crypto transactions and 25 million active crypto users, Finance Ministry said in a statement following Pakistan Crypto Council’s (PCC) agreement with decentralized finance (DeFi) platform World Liberty Financial (WLF) this week.
In its statement, the Finance Ministry said Pakistan offers one of the world’s most promising digital economies, with over 64 percent of its population under the age of 30.
With rising mobile penetration, a vibrant freelance economy, and strong government interest in blockchain, Pakistan’s youth are uniquely positioned to drive the next wave of Web3 innovation, it stated.
The cooperation between Pakistan Crypto Council and WLF outlines collaboration in key areas, including, launching regulatory sandboxes for blockchain financial product testing, facilitating the responsible growth of DeFi protocols, exploring tokenization of real-world assets like real estate and commodities, expanding stablecoin applications for remittances and trade, and providing strategic advisory on blockchain infrastructure and global regulatory trends.
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That’s not a compliment
Every country that adopted crypto has suffered
This is nothing but a ponzi scheme
On the other side, Crypto trading is legally not allowed in Pakistan. FBR consider it as Grey area and threatening people, who are involved in crypto trading.