Pakistan’s Minister of State for Blockchain Affairs: Demographics Will Drive a “Leapfrog” in Bitcoin Adoption in Pakistan
According to a report by Jinse Finance, Bilal Bin Saqib, Pakistan's Minister of State for Cryptocurrency and Blockchain Affairs, stated that Pakistan's demographic structure makes it a key catalyst for Bitcoin adoption, with the potential to enable the country to "leapfrog" ahead of developed nations. In an interview, Bin Saqib said, "Global policies have already shifted, not only in Pakistan but around the world." The Pakistani government will begin regulating cryptocurrencies in November 2024. With 40 million crypto wallets, the country ranks among the top five globally in cryptocurrency adoption, a fact the minister attributes to Pakistan's youthful population.
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