Pakistan mines praise for fast-moving crypto progress

December 15, 2025 (MLN):  Pakistan is rapidly emerging as a key player in the global digital assets landscape, draws international attention for its swift and decisive progress in crypto regulation.

Industry leaders say the country’s clear regulatory direction, youthful population, and fast adoption of new technologies are positioning it as a major hub for cryptocurrency growth.

Former Binance Chief Executive Officer Changpeng Zhao made these remarks during a conversation with Bilal Bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA).

According to a podcast post shared by PVARA on its official X (formerly Twitter) handle, Zhao said Pakistan moved “really fast” on crypto regulation and demonstrated a strong understanding of what its young population wants structured and proper crypto adoption.

During the discussion, Saqib asked Zhao why Pakistan stood out as a key destination in the global digital assets landscape.

In response, Zhao said Pakistan had moved “really fast” on crypto regulation, the country’s leadership demonstrated a strong understanding of what its young population wants structured, secure, and forward-looking crypto adoption.

He expressed surprise and admiration that a country of Pakistan’s size had managed to articulate such a clear regulatory vision at the leadership level.

Pakistan possesses several natural advantages that make it well-positioned for digital asset growth. Chief among these is its large and youthful population, which he described as tech-driven, open to innovation, and quick to adopt emerging technologies.

Such demographics are critical for the successful integration of blockchain and cryptocurrency ecosystems.

Zhao also pointed out that Pakistan’s pace of adoption sets it apart from many other countries and Pakistan ranks among the top three countries globally in terms of crypto adoption, with one of the largest populations actively using digital assets.

The discussion also focused on how clear regulation and the entry of global crypto platforms could strengthen Pakistan’s financial position.

Reference was made to the recently declared $2 billion asset tokenization commitment involving Pakistan and Binance, which was described as a practical example of how regulated crypto activity can unlock large-scale capital inflows.

Calling it “the power of crypto,” Zhao said that with proper regulations in place, countries like Pakistan could significantly increase their foreign reserves.

According to Zhao, simply licensing major crypto exchanges can rapidly boost a country’s foreign reserves by attracting global capital and increasing onshore digital asset activity. He also highlighted crypto’s role in facilitating remittances, an area of particular importance for Pakistan, which relies heavily on overseas inflows.

It was further noted that crypto operates outside the traditional fiat system and is not directly affected by domestic monetary policies, making it a powerful complementary financial tool for emerging economies.

The conversation reflects growing international attention on Pakistan’s evolving digital asset framework and signals increasing confidence from global crypto leaders in the country’s regulatory direction and long-term potential.

Momentum was further reinforced with a key regulatory step earlier as the Pakistan Virtual Assets Regulatory Authority (PVARA) issued the issuance of No Objection Certificates (NOCs) to global crypto platforms Binance and HTX.

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