Pakistan is actively moving forward in the crypto industry. Recently, the executive chairman of Strategy, Michael Saylor, met with the Ministry of Finance of Pakistan to commend its crypto efforts. On June 15, Saylor had a meeting with Muhammad Aurangzeb, Finance Minister of the country, and Bilal Bin Saqiib, state
Pakistan’s Finance Ministry is pushing forward with plans to set up a National Crypto Council, a new advisory group that could help legitimize and bring clear rules to the country’s crypto space. The move is being backed by a team tied to Wall Street players and some big-name former Trump
A prominent lawmaker from Pakistan publicized on June 4 that the nation is targeting to become the Global South’s leader in virtual assets. The publicization was made at the time of the meeting with his American counterpart at the White House in Washington. The Chief Executive Officer of Pakistan Crypto
Pakistan makes headlines in the crypto verse by hinting at its intentions to lead the crypto adoption race. The nation announced recently that it will establish a national Bitcoin strategic reserve. It is a complete opposite move as the nation previously opposed digital assets. Pakistan’s Huge Investments to Support Crypto
In a bold step toward digital transformation, Pakistan has announced the allocation of 2,000 megawatts (MW) of surplus electricity to Bitcoin mining and artificial intelligence (AI) data centers. The movement is spearheaded by the Pakistan Crypto Council (PCC) and supported by the Finance Ministry of the country. The move is
The Ministry of Finance of Pakistan has recently publicized a dedicated body which will be responsible for regulating blockchain-based financial infrastructure in Pakistan. On May 21, a state-owned broadcaster, PTV reported that the regulatory body is said to be the Pakistan Digital Assets Authority (PDAA) and it will oversee license
Pakistan is focusing on the growth and development of the country’s crypto presence. It plans to use surplus energy for Bitcoin mining and AI data centers. The announcement came out after Binance’s CZ joined the Pakistan Crypto Council as a strategic adviser. The Head of Pakistan Crypto Council and adviser
Cryptocurrency adoption and regulation took a new turn with Trump’s presidency in the US. Trump signed an executive order to establish a crypto strategic reserve and even dropped lawsuits against major crypto firms. Being the leading global country, the pro-crypto stance of the US is inspiring other countries to adopt
A cryptocurrency trader in Karachi, Pakistan, faced a terrifying ordeal on December 25, 2024. Mohammed Arsalan, aged 30, was abducted by a group of armed men and forced to transfer $340,000 from his Binance account. The suspects included seven individuals, one of whom was an officer from the Counter-Terrorism Department
In order to be eligible for $3 billion in bailout money, the International Monetary Fund (IMF) has mandated that the Federal Board of Revenue (FBR) of Pakistan impose a Capital Gains Tax (CGT) on investments in cryptocurrencies. The IMF suggested that Pakistan’s FBR tax cryptocurrency capital gains during the review
