Pakistan is making a bold move to become a major player in the global crypto space. Instead of creating its own digital currency or imposing strict restrictions, the country is adopting an aggressive new strategy: inviting major international crypto exchanges and blockchain companies to operate within its borders.
The newly formed Pakistan Virtual Asset Regulatory Authority (PVARA) is seeking proposals from firms that are already licensed by top regulators in the U.S., Europe, and Asia. This approach is a clear bet on collaboration with established global players. Authorities are not just looking for trading platforms; they want proposals for a wide range of services, including:
This proactive stance is a way to formalize and grow Pakistan's already booming grassroots crypto community, which is ranked third globally in crypto adoption.
This initiative is part of a larger economic vision. Pakistan has already revealed plans for a strategic Bitcoin reserve and intends to use its surplus electricity to power crypto mining and AI centers. Officials believe these steps will help diversify the economy, boost remittances, and create a modern financial system for its tech-savvy population.
While the International Monetary Fund (IMF) has raised concerns about using subsidized energy for crypto mining, Pakistan's policymakers are pushing forward. They see digital assets as a pathway to global financial competitiveness rather than a risk to be contained. By opening its doors to the world's leading crypto firms, Pakistan is making a clear statement: it wants to be a key hub for the future of the digital asset economy.
September 2025, Cryptoniteuae