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Crypto firms gain access to banking in Pakistan, Momin Saqib notes

Crypto firms gain access to banking in Pakistan, Momin Saqib notes
Pakistan steps up crypto framework

Momin Saqib, industry influencer, highlights the rapid transformation for crypto businesses in Pakistan. A year ago, these companies could not open bank accounts.

Now, the country’s prime minister is pushing for the full operationalization of Pakistan’s virtual assets framework and emphasizing AI training for youth during government discussions.

Saqib previously warned that high energy prices have resulted in persistent inflation and tight liquidity for both equities and crypto markets. He has also commented on industry concerns after a $270 million loss from a prominent crypto protocol. These earlier remarks reflect challenges facing digital asset adoption in Pakistan.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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