Technology Movement Pakistan

[Technology Movement Pakistan @Techmovementpk]

Democracy is government of the people, by the people, for the people.
#Newyork #Mayor @ZohranKMamdani

[Naimat Ali Shah @Adv_Ali_Naqvi]

Congratulations to @ZohranKMamdani, the newly elected Mayor of New York City
Your victory is more than political, it’s a triumph of vision, integrity, and hope. Here’s to a new era of leadership that truly represents the people.
Let your hopes, not your fears, shape your future.

[Technology Movement Pakistan @Techmovementpk]

@stats_feed India deserve it & @narendramodi earned it

[Technology Movement Pakistan @Techmovementpk]

@Bilalbinsaqib Technically movement Pakistan stands with you

[Technology Movement Pakistan @Techmovementpk]

We must highly appreciate the efforts of @ZakaWaqar & @Bilalbinsaqib

[Naimat Ali Shah @Adv_Ali_Naqvi]

پاکستان نے کرپٹو کرنسی سے متعلق ورچوئل ایسٹ اتھارٹی ��ل کی شقیں منظور کرلی اور ڈپٹی گورنر اسٹیٹ بینک کا کہنا ہے کہ اسٹیٹ بینک کرپٹو کرنسی پر پابندی ختم کررہا ہےاورقواعد و ضوابط طے ہوتے ہی کرپٹو کرنسی میں تجارت قانونی ہوگی،ڈیجیٹل پاک روپیہ پائلٹ پراجیکٹ پر کام جاری ہے۔
@ZakaWaqar

[Technology Movement Pakistan @Techmovementpk]

TMP chairman @ZakaWaqar supports crypto adoption in Pakistan because crypto is not just a new financial system; it's a new social, political, and economic system. As a political party we appreciate the efforts of @Pakistancryp & chairman @Bilalbinsaqib

[Naimat Ali Shah @Adv_Ali_Naqvi]

Understanding a Crypto Legal Opinion and Its Strategic Importance

A crypto legal opinion is a formal legal memorandum issued by duly licensed and experienced attorneys, offering a comprehensive analysis of a digital asset's legal character under the laws of a specified jurisdiction. This legal instrument evaluates the token's structure, economic functionality, and regulatory classification determining, in particular, whether it constitutes a security, utility token, or another category under applicable securities, commodities, or financial services laws.

Such an opinion is indispensable for navigating the evolving regulatory landscape and plays a pivotal role in enabling lawful participation in global digital markets. Key functions of a crypto legal opinion include:

Exchange Listings

It is often a prerequisite for listing tokens on major centralized and decentralized exchanges such as Binance, Coinbase, OKX, KuCoin, and Kraken.

Token Offerings

Essential for structuring and executing compliant token generation events (e.g., ICOs, IEOs, IDOs, STOs) whether public or private.

Investor Assurance

Institutional and venture capital investors typically require a legal opinion to confirm the token’s regulatory standing before committing capital.

Banking and Payments Integration

Financial institutions, payment processors, and fiat-to-crypto gateways rely on these opinions to satisfy their internal compliance protocols.

Due Diligence Facilitation

Assists in passing stringent due diligence checks conducted by strategic partners, exchanges, and compliance consultants.

Demonstrates proactive regulatory adherence, significantly reducing legal liability and enhancing the credibility of the project in the eyes of regulators and market participants.

In essence, a well drafted crypto legal opinion not only enables regulatory compliance but also serves as a foundational document for building investor trust, securing listings, and fostering global expansion.

Written by
Naimat Ali Shah
------------------
Advocate High Court
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[Naimat Ali Shah @Adv_Ali_Naqvi]

Recent reports suggest that Pakistan has between 15 to 20 million cryptocurrency users, placing it among the top countries globally in terms of adoption.

Estimates from 2023 placed Pakistan's annual crypto trading volume between $18 billion to $25 billion.

The expansion of virtual currencies like Bitcoin and Ethereum has put Pakistan regulators in a dilemma between encouraging innovation and safeguarding investors.

The evolution of cryptocurrency is primarily due to the rise in technology worldwide. It has pushed financial boundaries, leaving with the possibility that cryptocurrencies may become the central element of the global economy.

The significance and impact of the use of cryptocurrency in the Pakistan highlights the need to regulate it. However, there is a challenge in establishing a clear policy framework. With the digital revolution taking place through cryptocurrency, the state and federal governments are trying to determine how to define their role in regulating this new asset class in the best way possible.

Opinion ;

Crypto assets are highly speculative and pose significant risks. Regulation is necessary to prevent misuse so the entire crypto ecosystem needs stronger regulation to avoid becoming a haven for fraud and money laundering.

[Naimat Ali Shah @Adv_Ali_Naqvi]

The federal government and the central bank reiterated on Thursday that the use of crypto currencies was illegal and anyone dealing in these currencies was liable to be investigated by the Financial Monitoring Unit and the Federal Investigation Agency.
https://t.co/uyTf1BgPmY

[Technology Movement Pakistan @Techmovementpk]

Technology is the silent warrior on every modern battlefield that's why Technology Movement Pakistan is working on it.

[Naimat Ali Shah @Adv_Ali_Naqvi]

Important development
Now Indians are selling sensitive information about evidences through dark web, clearer footage of debris of the Rafale-exclusive M88 engine spotted in Bathinda, India.
#IndiaPakistanWar #PakistanZindabad #PakistanArmy

[Naimat Ali Shah @Adv_Ali_Naqvi]

Video of Indian Air strikes in Pakistan.
From this video evidence it is crystal clear that india committed acts of aggression or war Under Article 2(4) of the United Nations Charter, all member states are prohibited from using force against the territorial integrity or political independence of another state.
#PakistanZindabad #PakistanismyRedLine
#PakArmyPaindahbad

[Technology Movement Pakistan @Techmovementpk]

Our flag does not fly because the wind moves it, it flies with the last breath of every soldier who died protecting it. Pakistan Army Zindabad
#PakistanZindabad
#PakArmyPaindahbad

[Naimat Ali Shah @Adv_Ali_Naqvi]

In these testing times, we stand united with our brave Pakistan Army.Our pride, our protectors. May peace prevail, but if tested, may our resolve remain unshakable.
#PakistanZindabad #PakArmyPaindahbad

[Technology Movement Pakistan @Techmovementpk]

We appreciate the efforts of @cryptocouncilpk & @Bilalbinsaqib but demand @cryptocouncilpk should play potential role in addressing concerns about harassment of the crypto community by the Federal Investigation Agency (FIA). Pakistan crypto community is facing many challenges and FIA harassment is one of them.
#TechnologyMovementPakistan #PakistanCryptoCouncil

[Naimat Ali Shah @Adv_Ali_Naqvi]

Changpeng Zhao’s Crypto Odyssey: From McDonald’s to Binance’s Billion-Dollar Empire & strategic advisor to @cryptocouncilpk

By [Adv. Naimat Ali Naqvi]

In the fast-paced world of cryptocurrency, few stories resonate as powerfully as @cz_binance, known to the crypto community simply as CZ. The former CEO of @binance is currently working with @Bilalbinsaqib as strategic advisor to @cryptocouncilpk.The CZ’s journey from flipping burgers to building a $63 billion empire is a tale of bold bets, relentless innovation, and navigating turbulent waters. As of April 2025, CZ remains a towering figure in the crypto space, his influence undimmed despite legal battles and a brief stint behind bars. This is the story of how a tech-savvy immigrant kid became a global crypto titan.

Born in Jiangsu, China, in the late 1970s, CZ’s early life was shaped by hardship and hustle. When he was 12, his family immigrated to Vancouver, Canada, seeking a better future. To help make ends meet, young CZ worked grueling shifts at McDonald’s and pumped gas at a local station. But even then, he showed a knack for problem-solving, teaching himself to code and later studying computer science at McGill University. After graduating, CZ cut his teeth in the financial world, building high-frequency trading systems for firms in Tokyo and New York. Those years honing software for split-second stock trades would prove pivotal, laying the groundwork for his crypto empire.

The spark that ignited CZ’s crypto journey came in 2013 during a poker game. A friend introduced him to Bitcoin, and CZ was hooked—not just by the tech, but by the idea of a decentralized financial system free from traditional gatekeepers. In a move that would define his all-or-nothing approach, he sold his Shanghai apartment for roughly $1 million and poured it into Bitcoin. “I was all-in,” he later recalled, a phrase that could sum up his entire career. By 2014, CZ was deep in the crypto trenches, working as chief technology officer for OKCoin and later launching a blockchain startup called Bijie Tech. But it was 2017 when he truly changed the game.

That year, CZ founded Binance, a cryptocurrency exchange built on a simple premise: make trading fast, cheap, and accessible. Launched with a $15 million initial coin offering for its native token, BNB, Binance exploded onto the scene. Within months, it was handling billions in daily trading volume, outpacing rivals with its user-friendly interface and relentless expansion into new markets. CZ’s hands-on leadership—coding alongside his team, tweeting updates to users, and even handling customer support—earned him a cult-like following. By 2021, Binance was the undisputed king of crypto exchanges, and CZ’s personal wealth was estimated in the tens of billions, landing him on Forbes’ richest lists.

But with great power came greater scrutiny. Binance’s meteoric rise drew the attention of regulators worldwide, who questioned its compliance with anti-money laundering laws and its operations across borders. In November 2023, the U.S. Department of Justice dropped a bombshell: Binance agreed to pay $4.3 billion in fines, and CZ pleaded guilty to violating anti-money laundering rules. He stepped down as CEO, paid a $50 million personal fine, and was sentenced to four months in a low-security California prison. For a man who’d spent years championing financial freedom, the irony was stark. Yet CZ took it in stride, reportedly spending his time behind bars reading and reflecting.

Freed by late 2024, CZ didn’t retreat from the spotlight. Recent posts on X show him crisscrossing the globe—Kyrgyzstan, Pakistan, Dubai—speaking at crypto conferences and pushing for mass adoption. He’s teased new projects, though details remain under wraps, sparking speculation about his next big move. Some say he’s eyeing decentralized finance or blockchain education; others think he’s quietly advising Binance from the sidelines. Whatever’s next, CZ’s resilience is undeniable.

[Naimat Ali Shah @Adv_Ali_Naqvi]

Out of difficulties grow miracles.
#PakistanCryptoCouncil #PCC
#TechnologyMovementPakistan #TMP

[Naimat Ali Shah @Adv_Ali_Naqvi]

The rapid evolution of cryptocurrency has significantly impacted global economies, offered new financial opportunities, and reshaped traditional banking systems.

The increasing interest of individuals, businesses, and investors in digital currencies has made it imperative for governments to devise clear regulatory frameworks to ensure financial stability and security.

The ability of cryptocurrencies to facilitate cross-border transactions, enable financial inclusion, and create new investment avenues has led many countries to adopt policies that integrate digital assets into their economies.

approach, while the EU focuses on uniform regulations; whereas countries with strict financial oversight, such as Singapore and the UK, implement strong AML frameworks before mainstream adoption.

The development of a regulatory framework in Pakistan must consider international best practices while adapting to the country’s unique economic and legal environment.

The classification of cryptocurrencies in Pakistan must ensure clarity in taxation, compliance, and investor protection. A multi-tiered approach can be followed, whereby cryptocurrencies used for payments are classified separately from those used as investment instruments. A special category for blockchain-based tokens that provide utility or function as smart contracts should also be created. This approach will prevent overregulation while maintaining financial integrity.

The role of financial institutions must also be clearly defined, and banks should be allowed to offer crypto-related services under strict oversight to integrate digital assets into the traditional financial system. Moreover, financial literacy campaigns must be launched to educate businesses and individuals on the safe use of cryptocurrencies.

A major challenge in Pakistan’s regulatory efforts is the lack of awareness and technical expertise among policymakers. Therefore, building capacity within regulatory institutions, including SBP and SECP, is necessary to ensure informed decision-making. Similarly, international cooperation with regulatory bodies such as the Financial Action Task Force (FATF) and the International Monetary Fund (IMF) can guide in structuring crypto regulations. Pakistan should adopt a phased approach by first regulating crypto businesses and then allowing gradual adoption for consumers, which can mitigate financial risks while supporting growth.

Additionally, legal amendments should not only cover financial transactions but also address cybercrime risks associated with digital assets. We must recognize that hacking, fraud, and unauthorized transactions are common threats in the crypto industry, and clear legal provisions must be developed to handle such cases. Therefore, strengthening cybersecurity policies and requiring all crypto businesses to maintain high-security standards can significantly reduce vulnerabilities.

Pakistan stands at a turning point regarding cryptocurrency regulation. By addressing legal gaps, defining a clear classification system, and aligning with the best global practices, the country can establish a robust regulatory environment.

" A well-defined legal framework will not only protect consumers and ensure compliance but also position Pakistan as a leader in the emerging digital asset economy. Therefore, proactive steps taken today will shape Pakistan’s future in the global crypto market. "

[Naimat Ali Shah @Adv_Ali_Naqvi]

Implementing crypto regulation in Pakistan requires balancing innovation with risk management. A phased approach with public-private collaboration will help in ensuring that Pakistan benefits from the digital economy while mitigating financial threats.

How can Pakistan regulate crypto currency?

Regulating cryptocurrency in Pakistan requires a structured approach involving legal, financial, and technological measures. Below is a step-by-step guide on how Pakistan can regulate cryptocurrency effectively:

Step 1: Establish a Legal Framework

Define Cryptocurrency in Law – Clearly classify cryptocurrencies as a digital asset, security, or commodity within the financial system.

Create a Regulatory Body – Set up a dedicated regulatory authority or assign responsibility to an existing institution like the State Bank of Pakistan (SBP) or Securities and Exchange Commission of Pakistan (SECP).

Amend Existing Laws – Update financial regulations such as the Foreign Exchange Regulations Act, Anti-Money Laundering Act (AML), and Income Tax Ordinance to include digital assets.

Step 2: Licensing and Registration

License Crypto Exchanges – Require all cryptocurrency exchanges operating in Pakistan to register with SECP and SBP, ensuring compliance with local regulations.

KYC and AML Compliance – Mandate Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols for exchanges and users.

Monitor Cross-Border Transactions – Set limits or reporting requirements for crypto-related transactions to prevent illicit activities.

Step 3: Consumer Protection and Security

Educate the Public – Launch awareness programs about the risks and benefits of cryptocurrency investments.

Secure Digital Assets – Introduce cybersecurity guidelines for exchanges and wallets to prevent hacking and fraud.

Establish a Dispute Resolution Mechanism – Create a system for handling consumer complaints related to crypto transactions.

Step 4: Taxation and Financial Oversight

Tax Crypto Transactions – Implement a tax framework for crypto transactions, including capital gains tax on profits and income tax for businesses using cryptocurrency.

Monitor Financial Stability – Require crypto businesses to submit regular financial reports to regulators.

Step 5: International Cooperation

Align with Global Standards – Follow recommendations from FATF (Financial Action Task Force) to prevent financial crimes.

Collaborate with Other Countries – Engage with international regulators and learn from successful models in countries like the UAE, UK, and US.

Step 6: Innovation and Future Growth

Encourage Blockchain Development – Support blockchain-based startups and research initiatives.

Develop a Central Bank Digital Currency (CBDC) – Pakistan can explore launching a government-backed digital currency for a more controlled financial system.

[Naimat Ali Shah @Adv_Ali_Naqvi]

Most crypto community members are asking about what is Pakistan Crypto Council (PCC) ?

So here is the answer to their questions.

The Pakistan Crypto Council (PCC) is a government-backed initiative established in March 2025 to regulate, promote, and integrate blockchain technology and digital assets into Pakistan's financial system. The council aims to position Pakistan as a leader in the digital finance space by developing a comprehensive regulatory framework that fosters innovation while ensuring investor protection and financial stability.

Leadership and Structure

The PCC is chaired by Finance Minister Muhammad Aurangzeb. Bilal Bin Saqib serves as the Chief Executive Officer (CEO) of the council, providing strategic direction to its operations. The governing board includes key officials such as the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Law and IT Secretaries, reflecting a collaborative approach to regulatory oversight and technological advancement.

Objectives and Initiatives

The PCC's primary objectives include establishing clear regulatory guidelines to facilitate cryptocurrency adoption, engaging with international crypto and blockchain organizations to ensure best practices, and promoting responsible innovation within the digital finance sector.

In its inaugural meeting on March 21, 2025, the council discussed leveraging Pakistan's excess energy capacity for Bitcoin mining. This initiative aims to attract foreign direct investment and establish Pakistan as a crypto hub by utilizing surplus electricity for energy-intensive blockchain operations.

Additionally, the PCC is exploring the development of special electricity tariffs to attract global crypto mining and blockchain-based data centers. This strategy seeks to capitalize on the country's surplus power generation and reduce capacity payments without resorting to subsidies.

Strategic Vision

The PCC envisions transforming Pakistan into the crypto capital of South Asia, competing with established hubs like Dubai, Singapore, and Hong Kong. By creating a transparent regulatory framework and fostering a Web3-ready workforce, Pakistan aims to attract international investment and stimulate economic growth within the digital asset ecosystem.

This proactive approach aligns with global trends, as countries worldwide adapt to the evolving digital finance landscape. The PCC's efforts reflect Pakistan's commitment to embracing innovation and positioning itself as a significant player in the global blockchain and cryptocurrency arena.

[Technology Movement Pakistan @Techmovementpk]

@Adv_Ali_Naqvi @ilmeaalim @Bilalbinsaqib @mominsaqib @binance @BinancePk @thenews_intl @nytimes @business @BloombergTV @ARYNEWSOFFICIAL Politicians and diapers must be changed often, and for the same reason.

@pmln_org @MediaCellPPP @PPP_Org @PTIofficial @pti

[Naimat Ali Shah @Adv_Ali_Naqvi]

I wrote this letter when Qazi Faiz Issa was Chief Justice of Pakistan.

Judicial Priorities in Question: The Supreme Court’s Silence on Crypto Exchange Violations in Pakistan?

Justice is meant to be blind, yet in Pakistan, it often seems to have selective vision. While the Supreme Court actively engages in politically charged cases, it remains indifferent to pressing economic and financial issues that directly affect the nation. One such glaring example is the unchecked operation of cryptocurrency exchanges in Pakistan, despite clear violations of the law.

The judiciary, especially the Chief Justice of Pakistan, has the power to take suo motu action to protect national interests. However, when petitions highlighting illegal crypto activities go ignored while political victimization takes center stage, it raises serious concerns about judicial priorities.

As Theodore Roosevelt once said, "Justice consists not in being neutral between right and wrong, but in finding out the right and upholding it, wherever found, against the wrong." Unfortunately, in Pakistan, the Supreme Court seems to be prioritizing politics over national economic well-being.

As Alexander Hamilton warned, "Laws are a dead letter without courts to expound and define their true meaning and operation." If the Supreme Court does not intervene in such critical financial matters, the law loses its relevance.

Why Is the Supreme Court Silent?

The Supreme Court of Pakistan has taken suo motu action on various matters in the past, often in cases related to governance, public rights, and high-profile political disputes. However, when it comes to illegal financial operations like cryptocurrency trading, the silence is deafening.

The reason appears to be a dangerous shift in judicial focus—from protecting national interests to becoming an instrument of political interference. At a time when Pakistan is facing an economic crisis, the judiciary should be addressing illegal financial activities that drain the country’s resources rather than indulging in politically motivated cases.

"The most sacred of the duties of a government is to do equal and impartial justice to all its citizens." The Supreme Court’s selective approach, prioritizing political cases over economic security, is a betrayal of this principle.

The Economic Consequences of Ignoring Crypto Violations

The continued operation of illegal crypto exchanges is not just a legal issue but a major financial risk for Pakistan. The consequences include:

Capital Flight: Unregulated crypto transactions allow large sums of money to leave the country without oversight.

Money Laundering and Terror Financing: The lack of regulation makes crypto a tool for illicit financial activities.

Tax Evasion: Billions of rupees remain untaxed as transactions occur outside formal banking channels.

Financial Instability: Crypto’s volatile nature could cause substantial financial losses for uninformed Pakistani investors.

Ignoring such a significant economic issue while focusing judicial efforts on politically motivated cases is a disservice to the nation.

"Abuse of power is the natural result of monopoly." When the Supreme Court monopolizes its attention on political cases while ignoring pressing financial crimes, it fosters a dangerous imbalance in justice.

The Need for Judicial Intervention

The Supreme Court must recognize its responsibility to address not just political issues but also economic and financial threats. Taking suo motu action against illegal crypto exchanges is not just necessary—it is urgent. If left unchecked, this issue could lead to major financial disruptions, loss of investor confidence, and further regulatory chaos.

"The price of greatness is responsibility." The judiciary must rise to its responsibility and ensure that the rule of law is upheld not just in political cases but in matters that directly impact Pakistan’s financial security.

@CMShehbaz @MaryamNSharif @MohsinnaqviC42

[Technology Movement Pakistan @Techmovementpk]

Eye opening records of crypto assets in Pakistan. Surprisingly every individual holding these assets don't have legal security as per Pakistani laws and his hard earned money is in the hands of unregistered crypto exchanges. Good government is one that ensures economic security and protects the wealth of its people, not one that squanders it for personal or political gain.

@pmln_org @PPP_Org @CMShehbaz @MaryamNSharif @MohsinnaqviC42
@bil

[Naimat Ali Shah @Adv_Ali_Naqvi]

As of June 2023, estimates suggest that Pakistanis hold between $18 billion to $25 billion in cryptocurrency assets. This substantial investment indicates a significant engagement with digital currencies within the country.

In December 2021, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) reported that Pakistanis possessed cryptocurrency assets worth approximately $20 billion. This figure aligns with the aforementioned estimates and underscores the growing interest in cryptocurrencies among Pakistanis.

Additionally, blockchain technology has been leveraged to enhance financial services in Pakistan. For instance, Telenor Microfinance Bank, in collaboration with Valyou of Malaysia, introduced Pakistan's first blockchain-based cross-border remittance service. This service aims to improve the speed, efficiency, and security of remittances from Malaysia to Pakistan.

[Technology Movement Pakistan @Techmovementpk]

Great news for Pakistan's
crypto community.

The Pakistan Crypto Council (PCC) officially launched to regulate and integrate blockchain technology and digital assets into Pakistan's financial landscape.

✓Key points

Leadership:
Chaired by Finance Minister Muhammad Aurangzeb, with Bilal Bin Saqib appointed as the Chief Executive Officer (CEO).

Board Composition:
Includes the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Secretaries of Law and IT.

✓Objectives:

Establish clear regulatory guidelines for cryptocurrency adoption.

Engage with international crypto and blockchain organizations to adopt best practices.

Promote responsible innovation by collaborating with fintech startups, investors, and blockchain developers.

Ensure consumer protection and financial security through robust legal and compliance frameworks.

Significance:
Demonstrates the government's proactive approach to embracing digital finance, aiming to position Pakistan as a leader in the global shift towards blockchain technology and digital assets.

@ZakaWaqar @Adv_Ali_Naqvi
@Bilalbinsaqib

#TechnologyMovementPakistan #TMP