Pakistan has significant potential to expand its digital asset space, with 30 to 40 million citizens already using these assets, stated Bilal Bin Saqib, the Special Assistant to the Prime Minister on Blockchain and Cryptocurrency.
The Chairman of Pakistan’s Virtual Asset Regulatory Authority (PVARA) made these remarks at a press conference in Islamabad, where he emphasized the government’s efforts to establish a regulated and internationally aligned framework for digital asset adoption.
Bilal Bin Saqib mentioned that for the first time, there is a structured, transparent, and globally standardized pathway created for exchanges.
He pointed out that issuing No Objection Certificates (NOCs) to major platforms like Binance and HTX represents a concrete step towards this vision. He also noted that Pakistan is among the top three countries globally to implement cryptocurrency regulations.
Emphasizing the significance of a legal and organized approach, Saqib said, “Without proper frameworks, inherent talent and capabilities cannot be fully leveraged.” He highlighted that the $100 trillion global bond market is moving towards digital rails, and Pakistan’s framework is not only beneficial for trading but also for industrial applications.
Looking ahead, he stated that within the next decade, Pakistan aims to strengthen its technological autonomy, enabling local industries to produce rather than import, and ensuring that the youth emerge as global experts rather than just consumers. “Pakistan has opportunities that very few countries possess. We want to regulate crypto and provide legal structures for talent to thrive,” he added.