The government discussed a possible Crypto Amnesty for Pakistani traders as officials reviewed rising virtual asset activity. Binance said Pakistanis trade over $250 billion in crypto each year. Officials argued that an amnesty could shift users toward regulated platforms. Banks raised security concerns but still joined the talks. The proposal gained strong attention from the financial sector.
Binance reported that 17.5 million Pakistanis were registered on its platform, including four million active traders. They hold nearly $5 billion in virtual assets. Officials said these assets could support liquidity and strengthen Pakistan’s economy. The meeting also explored sovereign debt tokenisation to improve investor access. Participants agreed the digital asset sector needed proper rules.
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Banks warned about risks tied to money laundering and system security. They demanded clear safeguards before supporting crypto integration. Binance said real-time tracking could reduce risks by showing verified balances. It also noted banks could check borrowing capacity through transparent digital asset data. SBP involvement would add further oversight.
Officials also examined ways to cut remittance costs through blockchain. Pakistan receives $38 billion in annual remittances. Experts said blockchain could lower fees and expand access for overseas Pakistanis. They added that banks could gain new revenue channels through digital products. The meeting also highlighted the need to build Web3 talent.
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Finance Minister Aurangzeb called for cooperation between banks, regulators and licensed exchanges. He said Pakistan must create a safe and forward-looking digital asset system. Officials agreed to continue work on taxation, compliance and access rules. As plans advance, the Crypto Amnesty proposal will remain central to shaping Pakistan’s digital economy and guiding future Crypto Amnesty decisions.