Bilal Bin Saqib Leads Pakistan's Charge in Crypto Economy
With over 50 million crypto users and an annual trading volume exceeding $300 billion, Pakistan consistently ranks in the top 5 globally for crypto adoption, making it one of the most promising emerging markets for blockchain and digital finance innovation. The country's potential to become a regional hub for digital infrastructure is further enhanced by its plans to allocate part of its surplus electricity to Bitcoin mining and AI data centers.
Pakistan is rapidly establishing itself as a key player in the global cryptocurrency economy, with Bilal Bin Saqib, CEO of Pakistan Crypto Company, at the forefront of this movement. The country is gaining recognition from international tech companies and investors for its growing potential in digital and crypto finance, with a focus on empowering Pakistani youth and freelancers to become entrepreneurs.
According to Saqib, Pakistan is no longer following global trends, but instead, setting its own trends in the digital currency landscape. The creation of Pakistan's Digital Assets Authority is seen as a key step towards strong and smart regulation, allowing global-level companies to be built in Pakistan. The authority aims to regulate a $300 billion informal crypto market, facilitate tokenisation of national assets, and promote best practices for innovation.
The Pakistan Crypto Council, led by Saqib, has announced several strategic partnerships and regulatory initiatives, including a letter of intent with World Liberty Financial, a blockchain project backed by figures associated with the Trump administration. The council has also signed a partnership with the Malaysian government to develop regulatory frameworks for digital assets that comply with FATF guidelines and Islamic finance principles.
As Pakistan continues to make strides in the digital economy, it is clear that the country is poised to become a regional leader in digital finance, exporting innovation and becoming an epicentre for emerging markets. With its strong grassroots engagement with digital assets and growing IT sector, Pakistan is an exciting market to watch in the world of cryptocurrency and blockchain.