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Pakistan eyes crypto legal framework to spur foreign investors

Pakistan's Crypto Regulation Efforts The Pakistani government has been making efforts to create a legal framework for the use and regulation of cryptocurrencies in the country. This move is seen as a way to attract international investors to the country and boost its economy. Pro-Business Legal Framework The CEO of Pakistan Crypto Council, Bilal Bin Saqib, emphasized the need for a pro-business legal framework for cryptocurrencies. This would provide clarity for investors and businesses, making it easier for them to operate in the country. Regulatory Clarity for Investors With a clear and supportive legal framework, Pakistan aims to provide regulatory clarity for investors interested in the crypto market. This will also help to build trust and confidence in the market, leading to more investments in the country. Attracting International Investors One of the main goals of creating a legal framework for crypto in Pakistan is to attra...

Pakistan eyes crypto legal framework to spur foreign investors

Introduction to Pakistan's Crypto Plans Pakistan, a Central Asian country, is making headlines in the crypto world with its recent announcement of plans to create a legal framework for cryptocurrencies. This move is aimed at attracting international investors to the country and boosting its economy. Regulatory Clarity for Crypto in Pakistan The Pakistan Crypto Council, an organization representing the crypto community in the country, has been pushing for regulatory clarity for quite some time now. According to its CEO Bilal Bin Saqib, the country is no longer content with sitting on the sidelines and wants to establish a legal framework that is pro-business. This move is expected to bring more certainty and stability to the crypto market in Pakistan. The Need for a Legal Framework One of the main reasons behind Pakistan's decision to create a legal framework for crypto is to attract international investors. With a clear and comprehensi...