Islamabad: Pakistan’s strategic adoption of cryptocurrency has started to earn the country significant recognition on the global financial stage. Following the establishment of the Pakistan Virtual Asset Regulatory Authority through a presidential ordinance on July 9, the nation has surprised the world by swiftly setting up a regulatory framework for virtual assets.
Global players like Binance founder Changpeng Zhao have joined Pakistan’s initiative, marking a diplomatic and economic success in strengthening ties with global powers like the United States. Meanwhile, India’s unclear cryptocurrency regulations and poor economic policies under Prime Minister Narendra Modi have hindered growth in this emerging sector, causing uncertainty among investors and startups.
Pakistan is now preparing to launch Bitcoin mining projects and establish a crypto reserve, positioning itself as a future-ready economy. While India struggles with outdated banking mindsets and regulatory delays, Pakistan is leveraging cryptocurrency to boost its economy, diplomacy, and energy sectors, carving out a strong global presence.
