Things are looking bright for Pakistan’s crypto industry. Positive news is coming frequently for crypto sector which has seen long years of sanctions. According to latest reports, the government of Pakistan has allocated 2000 MW of power only for Bitcoin mining in the country. This allocation of power for Bitcoin mining, when the price is hovering around $107,000, is a fresh breeze of air for once neglected industry. This move will most likely help attract investor in crypto sector of Pakistan, which can further boost economy. Duty exemptions for bitcoin miners are already on the horizon for interested parties.
For many asking the question if crypto legal in Pakistan for years are now getting good news more often than ever. Such news is a big booster for developing economy of the country as investors are visiting Pakistan for potential partnerships for a couple of months. Investor confidence in the country’s economy is growing, and the stock market is reflecting this trend with increasing strength.
In the first quarter of 2025, Pakistani government appointed Changpeng Zhao known as CZ, the former CEO of Binance as an advisor for Pakistan Crypto Council, PCC. The PCC was created with the aim to integrate blockchain technology with the current financial system. The country is considered an economic hub despite its political and economic challenges. The current government has shown determination to transform the web 3 landscape in Pakistan to stay competitive at global stage.
The appointment of CZ as an advisor to the council came as a surprise to many, but was widely appreciated. His role is to promote crypto adoption at grass root level, modernize blockchain infrastructure and formulating a regulatory framework which will enable the country to leverage crypto for its advantage. CZ is known for his commitment to crypto industry as Binance became the largest crypto exchange in the world under his auspice supervision.
