Pakistanis Have $ 20 Billion In Crypto Assets, Super Central Bank Forex

According to Pakistan Observer, Pakistan's largest English-speaking media outlet, Pakistan Chamber of Commerce and Industry Chairman Nasir Hayat Magun told a recent press conference that the full value of crypto assets held by Pakistani reached $ 20 billion. , these funds exceed the foreign exchange reserves of the Central Bank of Pakistan. In light of this move, he cited India as an example and called on the government to put in place policies to promote the cryptocurrency market.

The Pakistan Business & Business Federation (FPCCI) helped a federal shipping goods and support foreign currency and more than $ 2 million

The chain of the health chain off from October's phone number of the market has been up to 12 months. In the money earned in Premium Financial, it's just Vietnam and India.

Chain Analysis: The adoption of cryptocurrency in the new field is high.

Chain Analysis The Global Cryptocurrency Adoption Index analyzes the adoption of a total of 154 regions and is generally measured by three indicators: on-chain cryptocurrency exchange rates, cost of transactions on the chain market and packaging. There is a peer-to-peer (P2P) exchange.

Among them, P2P exchanges make up a significant portion of all cryptocurrency transactions, especially in emerging markets in Central Asia, West Asia, and the Americas. Since there is no central enterprise, exchanges of friends can be traded and sold by the locals. cryptocurrency. The main channel of income.

If we add 154 regional adoption measures, we see that the overall adoption rate has increased by more than 2300% since the third quarter of 2019, 24) and finally of the second quarter, i.e. an increase of more than 881% per year. compared to the previous year.

However, the reasons for the increase in adoption rates vary by region. Institutional investing is critical to growing adoption in North America, Western Europe and East Asia last year, and retail investing in new markets. It often faces significant benefits including returns and other business needs.