Nasir Hayat Magoon, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has stated that Pakistani citizens have a combined value of crypto assets of $ 20 billion.
During a press conference, the FPCCI president said that Pakistani digital currency valuations are based on the chamber’s research document, according to a local report. He urged the government to implement a cryptocurrency policy, noting that India has implemented some restrictions in this field, the report added.
- New survey reveals 83% of millennial millionaires own cryptocurrencies
In October, a study published by Chainalysis revealed that Pakistan had seen a tremendous increase in cryptocurrency adoption over the previous year. The Chainalysis Global Cryptocurrency Adoption Index 2021 ranked Pakistan as the third highest in terms of index score behind Vietnam and India. The ranking is based on three metrics: on-chain cryptocurrency value transferred, on-chain retail value transferred, and peer-to-peer trade volume.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.