PCC Chief: Pakistan can be regional leader in digital finance

According to PCC Cheif, Pakistan is moving faster than many of its neighbours in this digital finance space
An undated image. — Freepik
An undated image. — Freepik

Pakistan is rapidly gaining ground in the global cryptocurrency economy and is now setting trends instead of following them, according to Pakistan Crypto Council (PCC) CEO Bilal Bin Saqib.

In an interview with a private news channel on Friday, Saqib spoke about how international tech companies and investors are now recognising Pakistan's advancement in digital finance. 

"For the first time, we are not playing catch-up; we are leading our own trends in the global crypto space," he said. 

He expressed that there is a general level of enthusiasm among Pakistani youth regarding cryptocurrency and digital finance, which he believes is contributing to Pakistan's increasing footprint in this sector. 

"Pakistan has an opportunity to lead the region in digital finance. We can be a centre for innovation and the epicentre of emerging markets," he noted. 

Saqib cited the establishment of Pakistan's Digital Assets Authority as a significant development for Pakistan to build smart and effective regulatory structuring for digital assets. 

"The mission is to make sure that world-class companies can now, importantly, be launched from Pakistan. Not just from Silicon Valley or Europe," he said. 

He stated that Pakistan is moving faster than many of its neighbours in this digital finance space, pointing out that Pakistan has the talent and will to go faster. 

Moreover, he stressed that by empowering freelancers and tech professionals, they will much more quickly elevate Pakistan as an eminent global player in crypto and blockchain.