Between Hype and Hardship: Pakistan’s Crypto Dilemma
2025-07-09 20:43:01
Main Idea
Pakistan is striving for technological sovereignty and digital economic growth, including cryptocurrency adoption and Bitcoin mining, despite challenges like economic instability, regulatory ambiguity, and geopolitical tensions.
Key Points
1. Pakistan's urban population is increasingly using digital assets to hedge against inflation and facilitate cross-border transactions, though only 45.7% are projected to have high-speed internet by 2025.
2. Khyber Pakhtunkhwa province plans state-owned Bitcoin mining farms using renewable energy, aiming for 2 GW capacity, but implementation faces infrastructure hurdles.
3. China's partnership with Pakistan, particularly through the China-Pakistan Economic Corridor (CPEC), is crucial for technological and economic development.
4. Pakistan's regulatory approach to digital assets remains unclear, with authorities banning crypto exchanges in 2022 while exploring a central bank digital currency.
5. Geopolitical tensions with India over water resources, governed by the 1960 Indus Waters Treaty, add pressure to Pakistan's technological and economic stability.
Description
Pakistan aspires to technological sovereignty. However, these ambitions face significant economic and political challenges, including low living standards and a protracted conflict with India, which controls the headwaters of key rivers. Coinpaper looked into how the Islamic republic, with great human potential, is trying to build a digital future amidst instability. First Steps Into the Digital Economy Pakistan, a country with a population of over 255 million people, is actively embracing digit...
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