Pakistan has achieved another important milestone in the digital economy, with global crypto platforms recognizing the country’s growing role in cryptocurrency regulation and digital assets. According to officials, Pakistan is now being viewed at the same level as Israel in certain areas of crypto regulation and digital finance.
As shared by the Pakistan Virtual Assets Regulatory Authority, a recent analysis by crypto industry platform CryptoSlate highlighted Pakistan’s progress in building a regulated crypto ecosystem. The report noted that Pakistan is gaining international attention for its efforts to create clear rules for digital assets and virtual currencies.
Chairman Bilal Bin Saqib said Pakistan is proving that it can compete with advanced nations in the technology sector despite being traditionally known as an agricultural economy. He added that being compared with Israel in the digital finance space reflects the country’s fast progress in emerging technologies.
Bilal Bin Saqib also said that Pakistan has recently allowed regulated crypto companies to open banking channels, which is being seen as an important step for the local digital finance industry. He stressed that the future will be shaped by artificial intelligence and blockchain technology, and young people in Pakistan must be prepared with modern digital skills.
He added that under the vision of Prime Minister Shehbaz Sharif, efforts are continuing to support digital innovation and build a stronger technology-driven economy in the country.