*Government decides to introduce cryptocurrency in Pakistan*
Islamabad:
The federal government has started reviewing proposals to introduce regulation of cryptocurrencies and blockchain technology in Pakistan, for which laws will be introduced soon.
According to a private TV, the federal government will soon present the Virtual Assets Bill 2025 to formulate laws regarding cryptocurrencies and blockchain technology.
Senator Dr. Afnanullah Khan of the ruling party Pakistan Muslim League (N) presented a private member’s bill named “Virtual Assets Bill 2025”.
This proposed law will not only ensure the use, trade and regulation of cryptocurrencies and virtual assets, but will also introduce a digital currency backed by the Pakistani rupee, which will have legal status according to the rules of the State Bank.
The bill aims to legalize the issuance, trading, and use of virtual assets in Pakistan. It will establish "Virtual Asset Zones" that will take necessary measures to ensure financial stability, protect investors, prevent illegal activities, and legalize digital currencies.