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Pakistan to Legalize Crypto, Aims to Attract Global Investment

Legalization and Regulation: The Pakistani government has announced plans to legalize cryptocurrency and introduce a regulatory framework to govern its use. This move comes as the country looks to attract foreign investment and boost its economy. Bilal bin Saqib, the newly appointed crypto advisor to the government, has stated that the legalization of cryptocurrency will provide a clear path for investors and businesses to operate in the market. This move is expected to bring in much-needed capital and boost economic growth. Crypto Adoption in Pakistan: Despite the lack of clear regulations, cryptocurrency has gained significant popularity in Pakistan. Many Pakistanis have already jumped on the crypto bandwagon, with popular coins like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) seeing a surge in trading volumes. The government's move to legalize and regulate crypto is expected to further increase adoption and bring in more investo...