Pakistan on track to become a global crypto leader by 2030

Pakistan’s rapid adoption of cryptocurrencies and proactive regulatory approach could position the country as a global crypto leader by 2030.

In a recent conversation with the Pakistan Crypto Council CEO Bilal bin Saqib, the former CEO of Binance Changpeng “CZ” Zhao highlighted Pakistan’s ability to quickly implement crypto regulations and policies, and noted the country’s forward-looking approach and its tech-savvy, youthful population, as reported by cointelegraph.

“I’m impressed to see a country of this size executing a clear vision with such speed,” he said. “If this pace continues, Pakistan could be one of the world’s leading crypto nations within five years.”

This year, Pakistan has made significant strides in formalizing its crypto ecosystem.

Key developments include the creation of the Pakistan Virtual Assets Regulatory Authority, granting licenses to major crypto exchanges such as Binance and HTX, building a Bitcoin reserve, and exploring tokenization of real-world assets to attract foreign investment and increase liquidity.

The former executive also expressed optimism about Pakistan’s plan to tokenize its stock market. “Which country wouldn’t want the global population to invest directly in their stocks?” he said.

“Tokenization allows people worldwide to buy stock tokens, effectively bringing international investment directly into Pakistan’s market.”

For individual entrepreneurs and smaller businesses, he emphasized blockchain’s accessibility compared to traditional banking or AI startups.

“Starting a bank or building an AI company requires massive resources, from data to computing power,” he noted.

“Blockchain, on the other hand, offers far lower barriers to entry and tremendous opportunities for innovation.”

Pakistan’s proactive stance on crypto, coupled with its young population and regulatory clarity, positions it as a potential powerhouse in the digital asset space over the coming years.