Pakistan’s government is actively working on integrating cryptocurrency into its financial infrastructure, aiming to bring digital currencies into mainstream banking, forex operations, and gold trading. The State Bank of Pakistan collaborates with the Finance Division and the Pakistan Crypto Council to develop a regulatory framework and initiate a digital currency pilot program. Despite concerns about price volatility and risks associated with cryptocurrencies, the government is determined to advance crypto transactions. Stakeholders have been informed about the benefits of digital currencies, with plans to issue cryptocurrency trading licenses to financial institutions. Regional crypto offices might be established in major cities for improved accessibility and adoption of digital transactions.
