An October examine by Chainalysis unveiled that Pakistan has observed a sizeable raise in crypto adoption in the past yr. Data Global Crypto Adoption Index Chainalysis’s 2021 ranks Pakistan third highest in crypto adoption just after Vietnam and India.
This ranking is based mostly on 3 variables: on-chain cryptocurrency worth transferred, on-chain retail worth transferred, and peer-to-peer transaction volume.
On October twenty, 2021, the Sindh Pakistan Provincial Judicial Service urged the federal government to deliver approaches for the management of cryptocurrencies. The Sindh High Court (SHC) has ordered government companies this kind of as the Ministry of Technology, Information and Law to coordinate with regulators this kind of as the Securities and Exchange Commission of Pakistan (SECP) and the Bank of India. central authority to make cryptocurrency guidelines inside 3 months.
Follow Cointelegraph, SECP has been reviewing cryptocurrency law considering the fact that November 2020.