Insights

Pakistan Accumulates BTC

Nasir Hayat Magoon is the president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). According to the Pakistan Observer Magoon announced yesterday that “the value of cryptocurrency possessed by Pakistanis stood at around $20 billion.” The stunning amount of accumulation was reverberated by Chainalysis in a published research report showing “the crypto market witnessed a stunning boom in Pakistan … as the market of cryptocurrencies grew by 711% in Pakistan in the past 12 months, becoming one of the strongest markets after the majority of European countries and in the Middle East.”

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