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Pakistan has officially flipped the switch on digital assets, marking a major turning point in the nation’s approach to blockchain-based tokens. After years of regulatory uncertainty and a hesitant stance, the government is now establishing a clear legal framework for cryptocurrencies. For crypto market players, this move is expected to ignite a vibrant ecosystem for investors, traders, and businesses. The hope is that it will also attract foreign investment, giving a boost to Pakistan’s economy. In fact, authorities are aiming high, wanting Pakistan to become the “ crypto capital of South Asia .” The decision to legalize cryptocurrency comes after high-level discussions between Pakistan’s Finance Minister Muhammad Aurangzeb and United States officials regarding the potential benefits of a Bitcoin Strategic Reserve and the creation of a crypto council. The initiative is seen as a ‘trump card’ to strengthen Pakistan’s financial standing by positioning the country as a welcoming destination for global crypto investors. According to Bloomberg , Pakistan is actively working on launching a legal framework for digital assets. Bilal bin Saqib, CEO of the Pakistan Crypto Council (PCC), has emphasized that this decision marks a turning point in the country’s digital finance journey. With a significant 60% of Pakistan’s population under the age of 30, the nation presents a unique opportunity as a rapidly expanding, cost-effective market for Web3 development. Related: Pakistan on Track to Legalize Cryptocurrency Pakistan officially launched its National Crypto Council in late February 2025. This council’s purpose is to regulate and foster the growth of blockchain technology while ensuring the crypto sector develops responsibly. The Pakistan Crypto Council will operate under the leadership of Finance Minister Muhammad Aurangzeb, with key board members including the Governor of the State Bank of Pakistan (SBP), the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Federal Law Secretary, and the Federal IT Secretary. A statement from the Finance Division on March 14, 2025, highlighted the council’s formation as a crucial step in embracing digital finance and establishing Pakistan as a key player in the global blockchain industry. The State Bank of Pakistan (SBP) has also played a crucial role in shaping the country’s digital finance policies. On November 4, 2024, the SBP announced a set of policy proposals aimed at legalizing digital assets, including cryptocurrencies, as legal tender. Related: This Indian Company Just Went All-In on Bitcoin: Here’s Why The Monetary Policy Committee (MPC), led by SBP Governor Jameel Ahmad, proposed amendments that would allow state banks to issue digital currency, potentially setting the stage for a central bank digital currency (CBDC) or a government-backed digital rupee. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

💰 Fordefi Unveils First Institutional-Grade MPC Wallet for DeFi on Sui Fordefi’s comprehensive platform and Web3 gateway provide an enterprise grade solution enabling builders, traders, and operators to self-custody their private keys, seamlessly connect to thousands of decentralized applications (dApps) across any blockchain, and manage digital asset operations with granular policies and a unified interface.

According to Odaily, Ronin has announced the release of updates for its Ronin Wallet browser extension version 2.1.5 and mobile version 2.5.0. The new versions introduce support for importing mnemonic phrases with 13, 15, 21, and 24 words. Additionally, the updates include features for copying checksums and case-sensitive addresses. The activity interface UI has also been improved to enhance user experience. The updates address several issues, including a bug related to re-authentication of the MPC wallet in the browser extension and problems associated with scanning QR codes. Ronin stated that the updates also contain various minor bug fixes aimed at providing users with a more stable and feature-rich wallet experience.

According to Odaily, cryptocurrency custody platform Zenrock, formerly known as Qredo, has launched an innovative decentralized custody solution aimed at addressing user concerns about DeFi security and accelerating industry growth. Zenrock Chairman Dan Tapiero noted that even active users in the crypto space feel uneasy about using DeFi, leading many investors to prefer centralized exchanges and ETFs. To mitigate the risks associated with centralized custody models, Zenrock employs decentralized multi-party computation (MPC) wallet technology, which eliminates single points of failure by splitting and distributing private keys among multiple parties. The company has also developed a hybrid security model that combines its native token with EigenLayer to protect the protocol. CEO Randy Little stated that this model 'gives re-staked Ethereum a purpose.' Zenrock plans to adopt a transaction-based model and offer its technology to developers, institutions, and individual investors. The platform is currently in the testnet phase and is expected to officially launch within the year. On August 19, Zenrock introduced a decentralized wrapped Bitcoin token, zenBTC, further expanding its product line. The project is supported by 10T Holdings, 1RoundTable Partners, Spartan Group, and Maven 11. Tapiero emphasized that Zenrock is the first project to apply traditional private equity practices to the digital asset space, and he anticipates that more traditional financial institutions will follow this model in the future.

According to Odaily, cryptocurrency custody platform Zenrock, formerly known as Qredo, has launched an innovative decentralized custody solution aimed at addressing user concerns about DeFi security and accelerating industry growth. Zenrock Chairman Dan Tapiero noted that even active users in the crypto space feel uneasy about using DeFi, leading many investors to prefer centralized exchanges and ETFs. To mitigate the risks associated with centralized custody models, Zenrock employs decentralized multi-party computation (MPC) wallet technology, which eliminates single points of failure by splitting and distributing private keys among multiple parties. The company has also developed a hybrid security model that combines its native token with EigenLayer to protect the protocol. CEO Randy Little stated that this model 'gives re-staked Ethereum a purpose.' Zenrock plans to adopt a transaction-based model and offer its technology to developers, institutions, and individual investors. The platform is currently in the testnet phase and is expected to officially launch within the year. On August 19, Zenrock introduced a decentralized wrapped Bitcoin token, zenBTC, further expanding its product line. The project is supported by 10T Holdings, 1RoundTable Partners, Spartan Group, and Maven 11. Tapiero emphasized that Zenrock is the first project to apply traditional private equity practices to the digital asset space, and he anticipates that more traditional financial institutions will follow this model in the future.