The number of cryptocurrency users in Pakistan has crossed 40 million.

ISLAMABAD – The number of cryptocurrency users in Pakistan has exceeded 40 million, while the annual crypto transaction volume has exceeded $300 billion.

Pakistan has entered a new phase of digital and tokenized economy development after the implementation of the Virtual Assets Act, which is an important step towards regulating digital financial activities in the country.

Under the new legislation, the Pakistan Virtual Asset Regulatory Authority has been established to oversee virtual asset operations. The initiative aims to create a structured framework for digital finance and emerging technologies.

In parallel, the State Bank of Pakistan has launched a regulatory sandbox for digital asset activities.

The initiative is designed to allow fintech innovations and new digital investment models to be tested in a controlled and secure environment.

The new policy framework also includes the launch of tokenization projects in several sectors including shares, debt instruments and real estate.

The development of a blockchain-based financial system is expected to increase investment opportunities, improve transparency and promote innovation in the financial sector, officials said.

These reforms are seen as an important step towards integrating modern digital financial instruments into the country’s economic system and increasing access to emerging investment platforms.

The post The number of cryptocurrency users in Pakistan exceeded 40 million appeared first on Daily Pakistan English News.

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