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Pakistan eyes crypto legal framework to spur foreign investors

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Pakistan plans pro-crypto regulations to lure global investors and position itself as a leader in blockchain-powered finance.
Pakistan is actively working on establishing a legal framework for cryptocurrencies to attract investors and stimulate economic growth. The initiative, led by the Securities and Exchange Commission of Pakistan (SECP), aims to regulate digital assets, provide investor protection, and prevent illicit activities like money laundering. This move comes in response to the growing interest in cryptocurrencies within the country and the need to integrate these assets into the formal financial system. The framework is expected to include licensing for crypto exchanges, taxation policies, and measures to ensure compliance with international standards. The government's approach reflects a broader trend among nations to legitimize and regulate cryptocurrencies to harness their potential benefits while mitigating risks.

Read the Full Cointelegraph Article at:
[ https://cointelegraph.com/news/pakistan-plans-legal-crypto-framework-to-attract-investors ]