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Pakistan spent 8% of budget on crypto regulation, minister says

Created at 28 Aug · 9:25 AM1 source
IN SHORT

Pakistan's Minister of State for Finance and Revenue, Bilal Bin Saqib, stated that the country allocated only 8% of its budget to establish its cryptocurrency regulatory framework. He made these remarks at the Bitcoin Asia conference.

Key Numbers

8%budget allocated to crypto regulation

Who's Involved

Bilal Bin Saqib
Minister of State for Finance and Revenue of Pakistan

↳ Why This Matters

The revelation highlights Pakistan's approach to digital asset regulation, indicating a potentially lean investment in establishing its framework, which could have implications for the sector's development and oversight within the country.

Key facts

  • Pakistan's crypto regulatory regime was established using 8% of its allocated budget.
  • The statement was made by Minister of State for Finance and Revenue, Bilal Bin Saqib.
  • The remarks were delivered at the Bitcoin Asia conference.

Pakistan's Minister of State for Finance and Revenue, Bilal Bin Saqib, disclosed that the nation utilized only 8% of its budget to develop its cryptocurrency regulatory framework. Saqib shared this information during his participation at the Bitcoin Asia conference.

Frequently asked questions

Pakistan's Minister of State for Finance and Revenue, Bilal Bin Saqib, revealed the budget allocation.

Only 8% of the allocated budget was used for establishing the crypto regulatory regime.

The information was disclosed at the Bitcoin Asia conference.
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How It Developed

Minister Bilal Bin Saqib revealed Pakistan's crypto regulatory budget allocation.
The allocation represented 8% of the total budget for the initiative.
Saqib made the statement at the Bitcoin Asia conference.

Sources

T1
Pakistan Built Its Crypto Regulatory Regime Using Just 8% of Its Budget, Minister Bilal Bin Saqib Reveals at Bitcoin AsiaBitcoin Magazine

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