Pakistan’s Crypto Pitch: “Come Build Here” as Virtual Assets Act Moves Forward

Bitcoin Magazine

Pakistan’s Crypto Pitch: “Come Build Here” as Virtual Assets Act Moves Forward

Pakistan has announced a new regulatory framework for crypto after banning the asset class for close to a decade,

Announcing the news in an X post Friday, Bilal Bin Saqib, the special assistant to the prime minister on blockchain and cryptocurrency, invited foreign businesses to come to the country and set up shop.

Pakistan’s Virtual Assets Act introduces the country’s first comprehensive legal framework for overseeing virtual assets and the businesses that operate in this space.

“For approximately a decade, Pakistan’s answer to virtual assets was complete permission and complete ban — but history tells us that technology never waits for permission,” Bin Saqib said.

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