Pakistan’s Crypto Chief Says Rules Were Made in Just 6 Months
Pakistan has established a complete regulatory framework for virtual assets in less than six months while spending just 8 percent … Read More The post Pakistan’s Crypto Chief Says Rules Were Made in Just 6 Months appeared first on ProPakistani .
Pakistan's virtual assets regulatory framework was established in under six months, according to Minister of State Bilal Bin Saqib. Speaking at the Bitcoin Asia conference in Hong Kong, Saqib revealed that the authority returned 92 percent of its approved budget to the national treasury after completing the framework. The framework lays out a formal regulatory path for digital asset companies in Pakistan, including exchanges, custody, brokerage, and asset management services.
Measures also protect against money laundering, terrorism financing, safeguard customer assets, and ensure cybersecurity. Saqib emphasized that government success should be measured by outcomes, not spending, and highlighted Pakistan's choice to use smaller teams and technology over a large bureaucracy. He stressed that rapid technological advancements require swift government adaptation and that Pakistan's approach demonstrates the need for regulatory structures to evolve in tandem with the digital asset sector.
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