ISLAMABAD: Prime Minister Shehbaz Sharif has directed authorities to speed up the legalization and regulation of Crypto assets in Pakistan. The move aims to strengthen the country’s digital economy and attract global investors.
The prime minister issued these instructions during a high-level meeting focused on virtual assets. Officials discussed the need for a clear legal framework to support the growing Crypto sector in the country.
According to the briefing, the government wants the regulatory system to be fully operational as soon as possible. The goal is to align Pakistan’s Crypto policies with international standards for safer and more transparent financial growth.
The meeting was attended by Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority, Bilal Bin Saqib. He informed the prime minister that the authority is being developed into a fully functional regulatory body.
He also shared updates on a regulatory sandbox. This system will allow testing of new financial technologies, including AI-based payment systems and regulated Crypto services.
Officials said these steps are part of a broader digital transformation strategy. The government aims to prepare institutions and the workforce for future economic challenges driven by technology.
Prime Minister Shehbaz Sharif emphasized the importance of youth training in emerging fields. He highlighted artificial intelligence and digital finance as key areas for skill development alongside Crypto innovation.
The government believes that a strong regulatory framework will improve investor confidence. It will also help ensure safe and controlled growth of the Crypto market in Pakistan.
Experts say Pakistan is moving toward a more structured approach to digital assets. Proper regulation of Crypto could open new opportunities for startups, fintech companies, and investors.
However, officials also stressed the need for caution. They said regulations must balance innovation with financial security and risk management.
The Pakistan Virtual Assets Regulatory Authority is expected to play a central role in shaping the future of Crypto in the country. It will oversee compliance, innovation, and market stability.
In other news read more about Banks Barred From Crypto Trading As Pakistan Eases Restrictions
This initiative marks a significant step toward integrating Crypto into Pakistan’s formal financial system. Authorities believe it could help modernize the economy and support long-term digital growth.
