Pakistan’s cryptocurrency market is poised for significant growth as World Liberty Financial (WLF), a decentralized finance platform supported by former U.S. President Donald Trump, has signed a letter of intent with the Pakistan Crypto Council. This partnership aims to accelerate blockchain innovation, stablecoin adoption, and the integration of decentralized finance (DeFi) technologies throughout Pakistan.
The agreement, which was formalized in Islamabad on April 26, comes as Pakistan moves toward formalizing its cryptocurrency sector amid growing interest in blockchain technologies. With one of the fastest-growing crypto markets globally, Pakistan ranks high in terms of adoption, with an estimated $300 billion in annual crypto transactions and around 25 million active users.
Finance Minister Muhammad Aurangzeb, who attended the signing via video link from Washington, highlighted the significance of such collaborations in unlocking new investment opportunities. He emphasized the country’s youth and technology sector as its most valuable assets. “Through partnerships like this, we are opening new doors for investment, innovation, and global leadership in the blockchain economy,” he said in a statement.
During the visit, the WLF delegation also engaged with senior government officials, including Prime Minister Shehbaz Sharif, Chief of Army Staff General Asim Munir, and Deputy Prime Minister Ishaq Dar. The agreement outlines a collaboration that will focus on several key areas: regulatory sandboxes for blockchain product testing, tokenization of real-world assets, the expansion of stablecoin applications for remittances and trade, and advisory support on blockchain infrastructure and regulatory developments.
Pakistan’s proactive stance comes as the country seeks to establish itself as a digital finance hub, taking advantage of its largely youthful population, rising mobile broadband access, and an expanding freelance economy. The country has ambitious digital economy goals, with over 64% of its population under 30 years old.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, expressed that the partnership will empower the country’s young population and strengthen Pakistan’s role in the global financial ecosystem. The collaboration aligns with WLF’s vision, recognizing Pakistan as one of the most exciting places in the world to build decentralized finance ecosystems.
As Pakistan continues to integrate blockchain technologies into its economy, the partnership with WLF signals a commitment to innovation and positioning the country as a leader in the future of digital finance.
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