According to local news sources, the partnership will see World Liberty assist in launching regulatory sandboxes for blockchain product testing, expanding stablecoin applications for remittances and trade, exploring real-world asset tokenization, and supporting DeFi protocol growth.

Founders Zach Witkoff, Zak Folkman, and Chase Herro signed the letter alongside Pakistan Crypto Council CEO Bilal bin Saqib. Senior government officials, including Pakistan’s central bank governor, finance minister, and IT secretary, also attended the meeting.

Strong Crypto Potential in Pakistan

According to Chainalysis, Pakistan ranked 9th globally for crypto adoption in 2024, with approximately 25 million active crypto users and an estimated $300 billion in annual transaction volume.

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Finance Minister Muhammad Aurangzeb stated, “Our youth and technology sector are our greatest assets. Partnerships like these open new doors for investment, innovation, and global leadership in the blockchain economy.”

Balancing Innovation and Regulation

World Liberty’s founders also recently met with former Binance CEO Changpeng Zhao (CZ), who has been appointed an advisor to the Pakistan Crypto Council to guide regulatory and innovation efforts.

Pakistan’s Federal Investigation Agency (FIA) proposed a crypto regulatory framework on April 10 to address concerns such as terror financing, money laundering, and KYC compliance. The framework is pending legislative approval and is expected to roll out gradually starting in 2026.

Pakistan’s current crypto-friendly stance is a sharp contrast to May 2023, when former Finance Minister Aisha Ghaus Pasha declared that cryptocurrencies would never be legalized.

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