Overview
- CZ said in a Dec. 30 conversation with Pakistan Crypto Council chief Bilal bin Saqib that Pakistan could be a global crypto leader by 2030, and he is serving as a strategic adviser to the effort.
- The Pakistan Virtual Assets Regulatory Authority has issued No Objection Certificates that let exchanges such as Binance and HTX register local units and prepare licence applications, short of full operating approval.
- Officials are advancing tokenization initiatives, with reporting of early talks on sovereign asset tokenization that floated figures up to $2 billion and interest in tokenizing stocks to broaden foreign access.
- PVARA officials have signaled plans for a national stablecoin, and the central bank has indicated work on a pilot CBDC as part of the broader digital money strategy.
- Coverage cites a large, young user base and steps like building a Bitcoin reserve as adoption drivers, while noting that several measures remain provisional and require further regulatory and parliamentary completion.