Pakistan Sets National Crypto Strategy: From Regulation to Adoption

Pakistan has taken a decisive step toward reshaping its financial future by unveiling a national cryptocurrency strategy that combines regulation with adoption. 

Announced on July 30, 2025, the move signals the government’s ambition to bring digital assets into mainstream banking, trade, and public policy. 

For a country with more than 20 million estimated crypto users, this marks a turning point from informal trading toward structured governance. 

The plan is not just about cryptocurrencies as speculative tools, but about building an ecosystem that links blockchain, financial inclusion, and economic growth.

Building the Framework

At the heart of the Pakistan crypto strategy is the creation of the Virtual Assets Regulatory Authority (PVARA), a new body equipped with emergency powers to regulate the sector. 

Its mandate includes licensing service providers, ensuring consumer protection, and aligning Pakistan’s financial practices with global standards such as those set by the Financial Action Task Force (FATF).

The government is also encouraging banks and trade companies to integrate digital assets into remittances and intra-bank transactions. 

This reflects a shift in thinking: crypto is no longer viewed only as an outsider currency but as a tool that can lower costs and speed up cross-border transfers.

Read also: What is the US Strategic Crypto Reserve?

Key Players Driving the Policy

Finance Minister Muhammad Aurangzeb is leading the campaign, supported by the Pakistan Crypto Council (PCC).

Bilal Bin Saqib, CEO of the PCC, has taken on an ambitious portfolio that includes drafting licensing rules, exploring a national bitcoin reserve, and designing mining and AI development zones. 

His work also looks at turning Pakistan’s surplus energy into a resource for blockchain operations, effectively transforming unused electricity into economic value.

Read also: Understanding a Strategic Bitcoin Reserve and Notable Examples

National Reserves and Energy Strategy

One of the most striking announcements is Pakistan’s pledge to create a Strategic Bitcoin Reserve. Introduced during the Bitcoin 2025 conference in Las Vegas, the reserve is framed not as a speculative gamble but as a sovereign asset that could act as a financial safeguard.

In parallel, the government allocated 2,000 megawatts of excess energy for cryptocurrency mining and artificial intelligence projects. 

This not only addresses the global demand for computational power but also channels resources into a sector that could create jobs and attract international partnerships.

Read also: Is the US Bitcoin Reserve Plan Cancelled? White House Roadmap Reveals Surprising Omission

Web3 Policy Pakistan: Expanding Beyond Crypto

The Pakistan crypto strategy is closely tied to a broader Web3 policy Pakistan initiative. By developing blockchain infrastructure and opening opportunities for innovation, the government hopes to position the country as a regional hub for emerging technologies. 

Pilot programs for a central bank digital currency (CBDC) are also being prepared, which could redefine how citizens interact with the financial system.

Read also: What is a Strategic Reserve Plan and Its Impact on Cryptocurrency?

The Opportunities and the Risks

Supporters argue that the move could boost financial inclusion, reduce the cost of remittances for millions of Pakistanis abroad, and bring in foreign investment. 

With over 300 billion US dollars in annual trade volume tied to crypto, the formalisation of the sector may unlock significant growth.

However, critics caution that rapid adoption without strong oversight could expose the economy to risks such as money laundering, illicit flows of capital, and market instability. 

Taxation, compliance, and monitoring mechanisms remain under discussion, leaving questions about how effectively the framework will be enforced.

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FAQs

Is cryptocurrency legal in Pakistan?

While not officially regulated, cryptocurrencies like Bitcoin are not illegal or banned in Pakistan. However, the State Bank of Pakistan has not authorized any entities to trade them.

Is Pakistan launching a digital currency?

Yes, the State Bank of Pakistan is preparing a pilot program for a digital currency and is working on laws to regulate virtual assets.

Who is a key figure in crypto in Pakistan?

Bilal Bin Saqib is a notable figure. He is the CEO of the newly launched Pakistan Crypto Council and also serves as a Special Assistant to the Prime Minister on Crypto and Blockchain.

Can I buy crypto with Google Pay in Pakistan?

Yes, you can buy crypto with Google Pay in Pakistan. Platforms like BitPay allow you to link your Google Pay account for easy and secure mobile purchases.

Is Pakistan prepared for cryptocurrency?

The Pakistani government is actively working on regulations and a digital currency pilot program, suggesting they are getting ready to adopt cryptocurrencies for banks, foreign exchange, and other financial sectors.