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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According to The Nation, the council aims to develop a comprehensive regulatory framework for cryptocurrencies to attract foreign direct investment (FDI) and position Pakistan as a leading crypto hub.

Support from Government Officials

The meeting brought together key stakeholders, including the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Secretary of Information Technology.

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Senator Muhammad Aurangzeb commented on the initiative:

“This is the beginning of a new digital chapter for our economy. We are committed to building a transparent, future-ready financial ecosystem that attracts investment, empowers our youth, and puts Pakistan on the global map as a leader in emerging technologies.”

Pakistan’s Shift Toward a Pro-Crypto Stance

This move marks a significant departure from Pakistan’s earlier anti-crypto policies.

In May 2023, former Minister of State for Finance and Revenue Aisha Ghaus Pasha stated that crypto would never be legalized in Pakistan, citing Financial Action Task Force (FATF) regulations as the primary obstacle.

Inspired by U.S. Pro-Crypto Policies

Pakistan’s new approach to cryptocurrencies closely follows developments in the United States. On November 4, 2024, coinciding with the U.S. elections, Pakistan’s government legalized cryptocurrencies as a medium of exchange. After Donald Trump’s re-election and his inauguration on January 20, 2025, the Trump administration quickly implemented pro-crypto policies.

On January 23, Trump signed an executive order establishing the Working Group on Digital Assets, which prohibits research into central bank digital currencies (CBDCs). In March 2025, Trump also announced the creation of a Bitcoin Strategic Reserve and a separate digital asset stockpile that will likely include cryptocurrencies developed by U.S.-based firms.

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