Pakistani crypto regulation official: Cryptocurrency is a ladder for the masses, not a luxury item

DeepFlowTech · 2026-02-12T14:53:58+00:00

The Chairman of the Pakistan Virtual Asset Regulatory Authority stated that cryptocurrencies and blockchain are a ladder for the public. Pakistan has the third-largest retail crypto market in the world. The country has 40 million citizens trading digital assets and is advancing a Bitcoin strategic reserve plan to incorporate digital assets into the national control framework.

DeepFlowTech

2026-02-12 14:53:58

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Deep Tide TechFlow News, February 12 — According to CoinDesk, Bilal Bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), stated that cryptocurrencies and blockchain are not luxuries for Pakistan but a ladder for the masses. Bin Saqib revealed at the Consensus Conference in Hong Kong that Pakistan has the third-largest retail crypto market in the world, surpassing Germany and Japan. Approximately 40 million citizens in Pakistan have traded digital assets without regulation, out of a population of 250 million, with 70% under 30 years old, and over 100 million citizens without bank accounts, lacking savings and investment tools.

Regarding the Bitcoin strategic reserve plan announced last year, Bin Saqib said the country is integrating its digital assets into an official national custody framework, has identified remaining power plant sites for mining, and is evaluating economic impacts. The country is engaging with global miners and AI computing operators to turn Bitcoin mining and AI data centers into mechanisms for converting unused energy into national productivity.

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