Cryptocurrency remains a controversial topic in Pakistan. As of 2025, the legal status of crypto in the country is still unclear and restricted, but key developments suggest a possible shift is underway.

Is Crypto Legal in Pakistan?

No, as of 2025, cryptocurrencies are not formally permitted in Pakistan. Cryptocurrency trading and transactions are still prohibited by the State Bank of Pakistan (SBP). Because of the absence of regulatory monitoring, fraud risks, and volatility, the central bank has cautioned the public against using digital currencies.

Cryptocurrency assets are not accepted as legal tender, and those who trade them through local banks risk having their accounts closed or subject to other restrictions.

What’s Changing in 2025?

The Pakistani government is starting to investigate blockchain and crypto-related infrastructure in spite of the ban:

The Pakistan Crypto Council was established by the government in 2025 with the goal of investigating and creating blockchain rules.

Pakistan has hinted at state-level adoption, but not public legality, with plans to use excess electricity to fuel AI data centers and Bitcoin mining activities.

The government’s interest in cryptocurrency as a strategic asset is demonstrated by the ongoing discussions on establishing a national Bitcoin reserve.

These actions imply that the government is actively assessing the economic possibilities of cryptocurrency, even though it is still prohibited for private citizens.

What Should Pakistani Users Know?

Right now:

Cryptocurrency trading is still prohibited by law.

There may be legal repercussions when using overseas exchanges or VPNs to get around restrictions.

Use reliable news sources or the State Bank of Pakistan to stay informed about official instructions.