On Saturday, the Pakistan Crypto Council (PCC) formed a partnership with World Liberty Financial (WLF), a decentralised finance platform supported by United States President Donald Trump, aiming to promote cryptocurrency applications and enhance blockchain adoption. Trump and his associates hold a 60 percent stake in WLF, which was launched last year. The US president has pledged to regulate the industry favorably, and his administration has relaxed enforcement measures against several major industry players. According to a press release from the finance ministry, a WLF delegation visited Islamabad today and signed a letter of intent with the PCC. The delegation included Zachary Folkman, Chase Herro, and Zachary Witkoff, son of Trump’s special envoy Steve Witkoff. “[The] WLF …

has signed a landmark Letter of Intent with the PCC to accelerate blockchain innovation, stablecoin adoption, and decentralised finance integration across Pakistan, ” the press release stated. It further noted that the delegation met with the prime minister, chief of army staff, deputy prime minister, as well as information and defence ministers to formalize cooperation, “marking a major step toward positioning Pakistan as a global leader in the digital finance revolution. ” The statement highlighted that the government plans to announce comprehensive crypto legalization policies soon to strengthen “Pakistan’s position as one of the fastest-growing crypto markets in the world. ” The letter was signed at a meeting between WLF and PCC attended virtually by Finance Minister Muhammad Aurangzeb. PCC CEO Bilal Bin Saqib, chairman of the Securities and Exchange Commission of Pakistan (SECP), and the State Bank governor were also present. “The scope of cooperation between [the] PCC and WLF includes collaboration on key areas such as launching regulatory sandboxes for blockchain financial product testing; supporting the responsible growth of DeFi (decentralised finance) protocols; exploring the tokenization of real-world assets like real estate and commodities; expanding stablecoin applications in remittances and trade; and offering strategic advisory on blockchain infrastructure and global regulatory trends, ” the press release explained. Aurangzeb said, “Pakistan’s youth and technology sector are our greatest assets. Through partnerships like this, we are opening new doors for investment, innovation, and global leadership in the blockchain economy. ” Saqib commented that the agreement was “more than just a partnership; it’s a strategic move to empower our young population and integrate Pakistan into the future of global finance. ” The statement also mentioned that WLF leadership praised Pakistan’s dynamism, emphasizing that Pakistan’s energy, vision, and talent make it one of the most exciting places worldwide to develop the future of decentralised finance. The finance ministry noted that with 64 percent of its population under 30, Pakistan promises one of the most promising digital economies globally. “The country ranks among the top in global crypto adoption, with approximately $300 billion in annual crypto transactions and 25 million active crypto users, ” the press release revealed. “With increasing mobile penetration, a vibrant freelance economy, and strong government interest in blockchain, Pakistan’s youth are uniquely positioned to drive the next wave of Web3 innovation. ” Last month, Saqib announced plans to legalise cryptocurrency in the country to attract international investment. In an interview with Bloomberg, Saqib stated that Pakistan aims to establish “a clear regulatory framework for governing digital-asset activities to boost the local ecosystem. ” “Pakistan is done sitting on the sidelines, ” he asserted, adding that the country seeks to attract international investment given its status as a low-cost, high-growth market with 60 percent of the population under 30.