Thursday, September 29

Pakistanis Have $ 20 Billion In Crypto Assets, Says Local Association Head By CoinTelegraph

© Reuters. Pakistanis Have $ 20 Billion In Crypto Assets, Says Local Association Head

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.

Read the full article on Cointelegraph

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Reference-es.investing.com

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