Pakistan has announced a new regulatory framework for crypto after banning the asset class for close to a decade. The Virtual Assets Act, approved by the Senate and signed by President Asif Ali Zardari, introduces the country’s first comprehensive legal framework for overseeing virtual assets and the businesses that operate in this space. Special Assistant to the Prime Minister on Blockchain and Cryptocurrency Bilal Bin Saqib invited foreign companies to set up in Pakistan under clear, public and enforceable rules. The country also announced in 2025 plans to launch a national strategic Bitcoin reserve and allocate 2,000 MW of surplus electricity to Bitcoin mining and AI data centers, aiming to generate revenue, create jobs and attract foreign investment.
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