At the beginning of the year, Pakistani authorities were preparing to ban any kind of cryptocurrency transactions. When the Pakistani government opposed the repressive measures, the Ministry of Finance called for the regulation and taxation of the sector. Thus, the state will be able to increase its budget through taxes.
Pakistani finance department representatives discussed crypto this week. As a result of the meeting, it was reported that the Pakistani government is ready to legalize the crypto sector and impose taxes on income from operations with digital assets. India, which has been imposing a 30% tax on crypto traders since April, could be an example for Pakistan.