Pakistan, which has a significant number of cryptocurrency users, remains undecided on cryptocurrency legalization despite changes in the US and other nations' stances.
Cryptocurrencies in Pakistan
The nation is taking cautious steps to reduce the use of digital assets in illicit activities, including fraud and money laundering.
Impact of the US on Global Crypto Market
The new president of the United States recently signed several notices and orders to review laws hindering the growth of digital assets. This change in the US stance could influence the decisions of other countries regarding cryptocurrencies, blockchain, and artificial intelligence.
Current Market Trends
On February 03, 2025, the crypto market was in the red but later recovered. The cryptocurrency market capitalization was $3.24 trillion with a 5.63% increase. Bitcoin's price fell below $95k, and Ethereum was trading at $2,789 with a 6.78% increase. However, memecoins $TRUMP and $MELANIA experienced significant price losses.
The situation regarding cryptocurrency legalization in Pakistan remains unclear, and potential global changes could further influence this context.
