The head of the Pakistan Federation of Industry and Commerce (FPCCI) said: "Pakistanis have $ 20 billion in crypto assets."

He called on the government to establish a Bitcoin policy, saying that India already has rules.

Pakistani Chamber of Commerce and Industry (FPCCI) President Nasir Hayat Magoon said the cryptocurrency value of Pakistani people is $ 20 billion.

At the press conference, the chairman of the FPCCI said that the value of Pakistan's digital assets is based on research reported by the Chamber of Commerce. He urged the government to pass a cryptocurrency law, warning that India has already enforced some restrictions in this area.

Last October, Chainalysis published a study which showed that the use of cryptocurrency in Pakistan has increased over the years. In the Chainalysis 2021 Global Cryptocurrency Adoption Index, Pakistan is just behind Vietnam and India. The ranking is based on three criteria: the exchange rate chain, the exchange rate chain, and the exchange volume against par.

On October 20, 2021, the Supreme Court of Pakistan in Sindh ordered the government to issue standard cryptocurrency regulations. The Sindh High Court (SHC) has ordered government agencies such as the Ministry of Information Technology and Justice to work with regulators such as the Pakistan Securities and Exchange Commission (SECP) and the Central Bank to develop crypto regulations in three months.

According to the Cointelegraph, the SECP has been reviewing cryptocurrency legislation since November 2020. In addition to regulating cryptocurrency, National Bank of Pakistan Governor Reza Bakir said the bank has identified the crypto currency the potential of digital banking.