Despite being an agricultural country, Pakistan is advancing in technology. The world is recognizing that Pakistan is far ahead in crypto, says Bilal Bin Saqib.
Pakistan continues to achieve success in the field of digital economy, and an international platform has acknowledged the country as being on par with Israel in the world of cryptocurrency.
According to the Pakistan Virtual Regulatory Authority (PVRA), a recent report by the global digital assets platform CryptoSlate stated that Pakistan now stands alongside Israel in the crypto sector and has matched Israel in fulfilling digital asset regulations.
The analysis by CryptoSlate further noted that Pakistan’s crypto regulatory body, the Pakistan Virtual Assets Regulatory Authority (PVARA), is gaining global attention.
It was also reported that while Israel approved a shekel-backed stablecoin, Pakistan has allowed regulated crypto companies to open bank accounts.
PVARA Chairman Bilal Bin Saqib said that despite being an agricultural nation, Pakistan is progressing rapidly in technology, and competing with Israel in the digital sector is a major achievement. He added that the world now acknowledges Pakistan is ahead of many countries in crypto development.
He further said that AI agents are already making cryptocurrency payments worth millions of dollars, and in the future, children and the younger generation must be equipped with artificial intelligence skills.
The PVARA chairman added that they are working toward a digital revolution under the vision of Prime Minister Shehbaz Sharif.
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