DUBAI: Pakistan’s approach to crypto regulation took center stage at Binance Blockchain Week in Dubai, where global industry leaders heard how the country’s virtual assets framework could serve as a model for emerging economies.
The keynote address was delivered by Bilal bin Saqib, the chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA).
Speaking before an audience that included prominent figures such as CZ (Changpeng Zhao), MicroStrategy’s Michael Saylor, and UAE Minister for Artificial Intelligence Omar Sultan Al-Ulama, Bilal bin Saqib highlighted Pakistan’s emerging role in global digital asset governance.
He said Pakistan’s structured approach to regulating virtual assets demonstrates how developing countries can strengthen transparency, innovation and investor protection while enabling economic growth.
Regulation as driver of economic development
Saqib emphasized that regulating digital assets is “a fundamental key to economic development” for countries like Pakistan.
He noted that virtual asset regulation not only builds trust but also helps attract investment, enabling economies to modernize and grow sustainably.
He stressed that Pakistan is positioning itself to become an effective global model for crypto regulation, supported by credible policy frameworks and real-world use cases.
Pakistan’s stablecoin model, data
The keynote highlighted Pakistan’s stablecoin framework and data-driven regulatory case studies, which Saqib said could offer valuable guidance to countries developing their own digital asset policies.
These examples, he added, show how Pakistan is moving toward a secure, compliant and innovation-friendly crypto ecosystem.
Industry leaders at the event welcomed Pakistan’s contribution, noting that emerging markets have a unique opportunity to leapfrog traditional financial systems by embracing well-designed crypto regulations.
Saqib reiterated that Pakistan’s experience can help other developing countries create regulatory clarity without stifling innovation.
“Pakistan can become a model of crypto regulation for the world,” he said, noting that policymaking in this space must prioritize both economic opportunity and consumer safety.
