Despite rising hype on social media and some news about a national Bitcoin reserve, crypto urrency is still not legal in Pakistan as of 2025.
Recently a news broke out which said that Pakistan is creating a national Bitcoin reserve, sparking excitement in crypto community. The move was reportedly led by Bilal Bin Saqib, a UK based entrepreneur and social activist, who has been vocal about Pakistan role in future of Web3 and digital assets. But let us get this straight for you:
- That initiative is not public facing
- It does not mean crypto is legalized
- It is under government research scope, not for personal trading
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Why Crypto Is Still Banned in Pakistan
Here is why the government is still not ready to legalize it:
- No regulation system for crypto yet
- High risk of money laundering and scams
- Fear of dollars flying out of the country
- Religious concerns (crypto considered un-Islamic by some bodies)
- IMF pressure to maintain financial transparency
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Is Pakistan Making Bitcoin Reserve?
Yes, KP government talked about building a Bitcoin mining setup and doing a study on crypto reserves. But that is a government experiment not available for public. You can not trade or invest because of that news. Do not mix the two.
No Recognition by State Bank of Crypto
The State Bank of Pakistan (SBP) has repeatedly confirmed that Bitcoin, Ethereum, and other digital assets are not recognized as legal tender in Pakistan as of now. Crypto trading, buying, and selling remain prohibited and any transaction involving crypto can lead to frozen bank accounts, legal issues, or zero support in case of fraud.
What Are the Real Risks?
- Bank account freeze
- Getting scammed in P2P
- No legal help if crypto gets stolen
- No refund, no support, nothing
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Government Latest Statement on Crypto in 2025?
The Finance Ministry recently clarified that Pakistan is exploring blockchain for improving public systems but cryptocurrencies will not be legalized in Pakistan without strict regulations. IMF, religious bodies, and security agencies have expressed concerns around money laundering, tax evasion, and “un-Islamic” elements in Crypto currency previously.
So no matter how many people are trading in crypto communities in Pakistan, the official staut of Crupto in Pakistan is still banned.
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Quick FAQs
Yes, people still do but at your own risk. Binance, OKX, KuCoin and others still work using VPN. But they’re not licensed or approved by SBP, and if you’re caught trading, especially at big volumes, your bank account could get flagged or frozen.
No. If you try to use any banking or wallet service for crypto, they will block it. In many cases, accounts are suspended without warning.
Yes You can use in Pakistan these with VPN. But you will face problems withdrawing your profits. Local banks does not let you withdraw or deposit from crypto platforms. You might get stuck with P2P or risky third-party deals.
No confirmed date. People say regulations are being drafted, but right now in 2025, crypto is still not legal to trade, buy or sell.
Disclaimer: This post is for awareness only. We are not promoting crypto use or linked with any platform. Do your own research and follow Pakistani laws when dealing with money.
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