Deze pagina dient alleen ter informatie. Bepaalde diensten en functies zijn mogelijk niet beschikbaar in jouw rechtsgebied.

Pakistan Explores Blockchain for Faster, Cheaper Remittances Amid Crypto Surge

Pakistan’s Blockchain Push: Revolutionizing Remittances Amid Crypto Growth

Pakistan, a top global recipient of remittances, is turning to blockchain technology to address inefficiencies in cross-border money transfers. With over $31 billion sent by overseas Pakistanis in 2023-24 through traditional channels, the country faces high fees—often exceeding 5%—and slow processing times. Blockchain solutions promise to cut costs and streamline these transactions, offering a lifeline to millions who rely on remittances.

Bilal bin Saqib, chief adviser to Pakistan’s finance minister and a member of the Pakistan Crypto Council (PCC), revealed that the council is actively investigating blockchain-based remittance systems. Speaking to CoinDesk, Saqib emphasized the potential of blockchain to transform financial services while also fostering economic growth through Web3 development and workforce upskilling.

Why Blockchain Matters for Pakistan’s Economy

Despite a 2018 ban on cryptocurrency transactions, Pakistan ranks prominently in Chainalysis' 2024 Global Crypto Adoption Index. Many citizens have turned to digital assets as a hedge against inflation and currency volatility. With over 60% of its 240 million population under 30, Pakistan boasts a young, tech-savvy workforce ready to embrace blockchain innovation.

The PCC’s initiatives extend beyond remittances. The council is exploring tokenization of real-world assets, regulatory sandboxes, and compliance with Financial Action Task Force (FATF) standards. While the FATF removed Pakistan from its gray list in 2022, concerns over unregulated crypto outflows persist. Saqib stressed the importance of a transparent regulatory framework, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, to mitigate risks.

Global Crypto Trends and Pakistan’s Position

Pakistan’s blockchain ambitions align with broader global shifts in crypto policy. Former U.S. President Donald Trump recently voiced support for digital assets, proposing a strategic Bitcoin reserve funded by seized crypto holdings. While such initiatives are still nascent in Pakistan, Saqib noted that any similar move would require careful coordination with the International Monetary Fund (IMF) and FATF to avoid economic instability.

The Road Ahead: Challenges and Opportunities

The PCC’s efforts to integrate blockchain into Pakistan’s financial ecosystem face hurdles, including regulatory uncertainty and the need for public education. However, the potential benefits—reduced remittance costs, increased financial inclusion, and economic growth—make the case for blockchain adoption compelling.

As Pakistan navigates its crypto journey, the country’s young, tech-savvy population and strategic focus on blockchain innovation could position it as a leader in the global digital economy. For now, the PCC’s initiatives signal a promising start toward leveraging blockchain for transformative change.

Disclaimer
Deze inhoud is uitsluitend bedoeld ter informatie en kan producten bevatten die niet beschikbaar zijn in jouw regio. Het is niet bedoeld als (i) beleggingsadvies of een beleggingsaanbeveling; (ii) een aanbod of verzoek om crypto-/digitale bezittingen te kopen, verkopen of aan te houden; of (iii) financieel, boekhoudkundig, juridisch of fiscaal advies. Het bezit van crypto en digitale bezittingen, waaronder stablecoins en NFT's, brengt een hoog risico met zich mee en kan sterk fluctueren. Overweeg zorgvuldig of het, gezien je financiële situatie, verstandig is om crypto-/digitale bezittingen te verhandelen of te bezitten. Raadpleeg je juridische, fiscale of beleggingsadviseur als je vragen hebt over je specifieke situatie. De informatie in dit bericht (inclusief eventuele marktgegevens en statistieken) is uitsluitend bedoeld als algemene informatie. Hoewel alle redelijke zorg is besteed aan het voorbereiden van deze gegevens en grafieken, aanvaarden wij geen verantwoordelijkheid of aansprakelijkheid voor eventuele feitelijke fouten of omissies hierin.

© 2025 OKX. Dit artikel kan in zijn geheel worden gereproduceerd of verspreid, en het is toegestaan om fragmenten van maximaal 100 woorden te gebruiken, mits dit gebruik niet commercieel is. Bij elke reproductie of distributie van het volledige artikel dient duidelijk te worden vermeld: "Dit artikel is afkomstig van © 2025 OKX en wordt met toestemming gebruikt." Toegestane fragmenten dienen te verwijzen naar de titel van het artikel en moeten een bronvermelding bevatten, zoals: "Artikelnaam, [auteursnaam indien van toepassing], © 2025 OKX." Afgeleide werken of ander gebruik van dit artikel zijn niet toegestaan.

Gerelateerde artikelen

Bekijk meer
Memecoins generic thumb
Memecoins
Web3

What is a memecoin supercycle: real or a reality check?

Is the memecoin supercycle real? Instead of being an idealized take on how liquidity in the crypto market will flow, the concept of a memecoin supercycle has recently gained traction as crypto traders eagerly anticipate the idea of a memecoin bull market driven by memecoin excitement. The data seems to back this theory too, as the crypto market has witnessed a steady rise in memecoin adoption in recent months as traders choose to purchase and hold onto digital assets inspired by internet culture and memes. Does the memecoin supercycle theory hold weight or is it just another crypto supercycle reality check for bullish traders?
23 mei 2025
9
trends_flux2
Altcoin
Trending token

Will Shiba Inu (SHIB) Recover After Shibarium Upgrade? Key Insights for Investors

Introduction: Shiba Inu's Path to Recovery Shiba Inu (SHIB), the second-largest meme coin, has been at the center of investor speculation following the launch of Shibarium, its Layer-2 blockchain solution. With recent price fluctuations and ambitious predictions, many investors are asking: Is SHIB price recovery expected after the Shibarium upgrade? This article dives deep into the factors influencing SHIB’s price trajectory and what the future may hold for this popular cryptocurrency.
11 jun 2025
trends_flux2
Altcoin
Trending token

Bitcoin Surges Amid Trump’s National Guard Move and Crypto Reserve Announcement

Bitcoin Price Reaction to Trump’s National Guard Move: Key Insights for Investors The cryptocurrency market witnessed a dramatic shift following United States President Donald Trump’s announcement of deploying the National Guard and creating a national strategic crypto reserve. This move, coupled with his promise to make the US the "crypto capital of the world," has sent Bitcoin and other cryptocurrencies soaring, marking a pivotal moment for crypto investors.
11 jun 2025
1
trends_flux2
Altcoin
Trending token

Bank of Japan's Digital Currency: Navigating Japan's Cashless Future

Introduction: Japan's Cashless Transformation Japan, a country historically known for its reliance on physical cash, is undergoing a significant shift towards cashless payments. With cashless transactions rising from 13.2% in 2010 to 42.8% in 2024, the Bank of Japan (BOJ) is exploring innovative ways to adapt to this evolving financial landscape. Central to this exploration is the potential development of a central bank digital currency (CBDC), commonly referred to as the digital yen.
11 jun 2025
trends_flux2
Altcoin
Trending token

American Bitcoin (ABTC): Trump-Backed Mining Giant Reveals $23M BTC Reserve and Strategic Roadmap

Introduction to American Bitcoin (ABTC) American Bitcoin (ABTC), a Bitcoin mining company backed by Eric Trump and Donald Trump Jr., has quickly emerged as a major player in the cryptocurrency space. Since its launch on April 1, 2025, the firm has accumulated 215 BTC, valued at approximately $23 million, and is preparing to go public through a merger with Gryphon Digital Mining. This article delves into ABTC’s strategic roadmap, operational model, and its implications for the broader Bitcoin ecosystem.
11 jun 2025
trends_flux2
Altcoin
Trending token

Can Bitcoin Break the $110K Resistance Level? Key Insights for Investors

Can Bitcoin Break the $110K Resistance Level? Key Insights for Investors Bitcoin (BTC) is once again at a pivotal juncture, flirting with the $110,000 resistance level. As the flagship cryptocurrency approaches this critical threshold, investors are asking: Can Bitcoin sustain its bullish momentum and break through this psychological barrier? This article dives deep into the technical, institutional, and macroeconomic factors shaping Bitcoin’s trajectory.
11 jun 2025
Bekijk meer