Ali Raza Khan 
The dangerous gamble with crypto that Pakistan is playing is becoming a concern to economists and regulators, as the country is rapidly growing into cryptocurrency without adequate legal protection. A recent report indicates that approximately $17.5 million Pakistanis possess approximately $5 billion of digital assets and that the finance ministry is considering tokenising up to $2 billion government assets with international cryptocurrency exchanges including Binance. Analysts caution that the rush into crypto markets is accelerating faster than the regulatory structure is being developed in the nation, leaving the weak Pakistan economy vulnerable to increased financial and regulatory risk.
Regulatory Concerns in Pakistan’s dangerous gamble with crypto
Whereas those in authority seek to embrace foreign capital and money supply, critics point out the confusion in the government departments and unfinished laws that seek to govern virtual assets. The scramble to licence crypto exchanges and tokenisation projects is concerning due to concerns of unstable conditions and insufficient security of investors. Visit homepage for more detail: https://thepakistan.pk/
