The Bank of Pakistan has already stated that it does not see many good options for how crypto can be used. Crypto is often used in fraudulent activities such as money laundering, human trafficking, and financial fraud. Because of this, most countries have recently begun to implement new measures to regulate crypto.
The governor of the Central Bank of Pakistan recently spoke at a festival in Karachi, where he talked about the options for using cryptocurrencies. According to him, crypto and blockchain technologies are useful and can solve some problems of the country’s financial sector. However, at the moment, it is risky because the number of frauds may increase.