On April 27, World Liberty Financial, backed by Donald Trump, signed a Letter of Intent with the Pakistan Crypto Council. The goal is to enhance cryptocurrency usage in Pakistan.
Pakistan ranks ninth globally in crypto adoption, with 25 million users and $300 billion in yearly transactions. This is according to Chainalysis data.
World Liberty will assist in setting up regulatory sandboxes and developing stablecoin use cases. They will also study real-world asset tokenization and aid in DeFi protocol development.
Former Binance CEO Changpeng Zhao has been appointed as an advisor to the Pakistan Crypto Council. He will assist in shaping the country's regulation and innovation efforts.
Pakistan's Federal Investigation Agency announced a new regulatory model on April 10. It seeks to balance technological advancement and national security.