Global Crypto and Digital Currency Initiatives: Pakistan
We continue with our survey of crypto and digital currency initiatives from around the globe, all of which are officially sanctioned to enhance national competitive advantage (in the event crypto overtakes the US dollar as the global reserve currency). It is the cumulative adoption rate of state-sanctioned crypto and digital currency legalization and regulation that will propel this innovative system for value exchange as a global currency standard.
The next country, Pakistan, ranks #3 in the primary research report on which we have based our list of countries to survey: the 2021 Chainalysis’ Global Crypto Adoption Index. The fate of cryptocurrency and digital currency in Pakistan is playing out right now in a battle royale between the State Bank of Pakistan, which has called for banning crypto entirely, and industry leaders, who advocate for regulation as sophisticated as those applied to other financial markets in the country.
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