Pakistan Launches Crypto & Blockchain Regulatory Council
In a significant move towards embracing cryptocurrency, the Pakistani government has established a Crypto & Blockchain Regulatory Council. This initiative aims to provide oversight and clarity in digital asset regulations, marking a pivotal step in Pakistan's journey towards crypto adoption.
- The council is tasked with formulating policies to regulate Bitcoin, blockchain startups, and other digital assets.
- It will focus on protecting investors and ensuring compliance with international standards.
This development could attract blockchain innovation and position Pakistan as a key player in the global Web3 economy.
Implications for the Crypto Space
The establishment of this council raises questions about how Pakistan will balance embracing digital assets while potentially imposing stricter controls. The move is seen as an effort to integrate blockchain technology into the national economic framework, which could have far-reaching implications for