“Pakistan Is No Longer Avoiding Crypto, Eyes Role in Global Web3 System”: Crypto Council CEO

Adoption Crypto Regulations

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

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March 31, 2025

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Pakistan is moving from ambiguity to action in embracing digital assets, according to Bilal Bin Saqib, the newly appointed CEO of the Pakistan Crypto Council.

In a recent interview with Cryptonews, Saqib detailed the country’s shift toward crypto integration, spurred by growing adoption, surplus energy resources and a vibrant freelancer economy.

“Pakistan is no longer avoiding crypto. It is preparing to embrace it responsibly,” he said.

Previously, the State Bank of Pakistan took a cautious stance on cryptocurrencies, like many central banks worldwide.

But now, the Prime Minister and finance minister are directly involved. With the formation of the Crypto Council, the government seems ready to lead a structured transition.

New Council Sets Plan in Motion as Crypto Gains Government Backing

The council is taking a three-pronged approach. It will focus on building institutional awareness, introducing licensing frameworks and integrating digital assets into Pakistan’s financial system. Saqib noted:

“Currently, there is no regulation in Pakistan. But we are working day and night to get things moving.”

Recent pro-crypto moves by countries like the US have helped strengthen the case for digital asset reform in Pakistan, adding weight to the arguments of advocates like Saqib within government circles.

Saqib stressed that Pakistan isn’t starting from scratch. He noted:

“We are already one of the world’s top adopters. We are leading the global freelancer market. We are one of the most tech-savvy youth population who are already extending their services in the global market.”

Council Aims for ‘Pakistan-First’ Crypto Framework, Inspired by Global Best Practices

To shape future regulations, the Council is consulting with global peers including regulators in El Salvador, Nigeria, Malaysia and the EU.

“We are looking at great frameworks, the successes, the obstacles, so we can refine and create something which is Pakistan-first.”

Pakistan’s value proposition to investors lies in its low cost of business and rich talent pool, he said.

“Cost of doing business here is much cheaper than other countries. We have access to amazing talent. We are in a very strategic location. For blockchain and crypto, what you need is great human resource.”

Special technology zones and a collaborative policy environment aim to attract both domestic startups and international capital, he added.

Crypto mining, too, could be a game-changer. With a surplus of underutilized electricity, especially from IPP plants and solar, Pakistan is exploring “designated zones near energy hubs where miners can operate under green, forward guidelines.”

Pakistan’s Crypto Council Focuses on Talent, Inclusion and Global Relevance

Long-term, the vision is bold. “With the right investment in AI and blockchain skills, we can shift from being service providers to product creators,” Saqib said. The plan includes university partnerships, accelerator programs and global collaborations to make Pakistan a bridge between South Asian Web3 talent and Middle Eastern capital.

Saqib, a social entrepreneur and early Bitcoin adopter, is taking on this role pro bono.

“My only actual win would be if Pakistan emerges with a great protocol—like an Ethereum—coming from here.”

He also sees blockchain as a way to improve remittances, enhance financial inclusion and retain homegrown talent that otherwise drifts abroad.

For now, the Council’s focus is on awareness and policy groundwork, but the momentum is clear.

“It isn’t about chasing hype, it’s about leveraging Pakistan’s strengths—energy, youth, and geography—to participate in the future of global technology and finance.”