Pakistan focuses on building a legal framework for cryptocurrency to attract foreign investors, with up to 20 million domestic cryptocurrency users

According to BlockBeats, on March 20th, Bilal bin Sachib, CEO of the Pakistan Cryptocurrency Commission, stated that Pakistan plans to become a leader in blockchain finance and attract international investment by regulating cryptocurrencies. Pakistan is planning to establish a legal framework for cryptocurrency to attract international investors to this Central Asian country. Pakistan will no longer stand idly by; we hope for regulatory clarity; we need a legal framework that supports business Earlier this month, Sachib was appointed as the Chief Advisor to Pakistan's Finance Minister on cryptocurrency management. Chainalysis, a blockchain analysis company, ranked Pakistan as the ninth largest cryptocurrency adoption rate last year, with Sachib claiming that Pakistan has up to 20 million cryptocurrency users.