Crypto Regulation in Pakistan: What’s Legal, What’s Not in 2025

When it comes to crypto regulation in Pakistan, the legal status of cryptocurrency is officially restricted by the State Bank of Pakistan, but enforcement is inconsistent and user behavior continues to grow. Also known as Pakistan cryptocurrency laws, these rules don’t ban ownership outright — they block banks from processing crypto transactions, making it hard to cash in or out legally. This creates a gray zone: millions still trade Bitcoin and Ethereum through peer-to-peer platforms, but they do it at risk.

That’s why crypto trading Pakistan, the act of buying, selling, or holding digital assets within the country. Also known as P2P crypto trading, it’s become a workaround for many — using LocalBitcoins-style platforms, Telegram groups, or apps like Paxful to trade with cash or bank transfers. But here’s the catch: if your bank finds out, they can freeze your account. And if you get scammed? There’s no legal recourse. The State Bank doesn’t protect you, and the SEC doesn’t regulate exchanges operating in Pakistan. Meanwhile, crypto taxation Pakistan, the idea of taxing crypto gains, remains unenforced. Also known as crypto income rules Pakistan, the Federal Board of Revenue hasn’t issued clear guidelines, even though many traders are earning profits. That doesn’t mean it’s safe — it just means you’re flying blind. And while some countries like the UAE or Singapore have clear crypto frameworks, Pakistan’s stance feels more like a pause button than a policy.

The real danger isn’t just the law — it’s the scams. Fake exchanges like Deliondex or BitxEX prey on people who don’t know what’s regulated. You won’t find a licensed crypto exchange in Pakistan. Even platforms claiming to be "based in Pakistan" are usually offshore shell operations. The same goes for airdrops and token launches — if it sounds too good to be true, it’s probably a trap. The crypto regulation in Pakistan landscape is full of noise, but very little protection.

What you’ll find below are real cases — exchanges that vanished, airdrops that never happened, and projects that collapsed under regulatory pressure. These aren’t hypotheticals. They’re lessons from people who lost money because they didn’t understand the rules — or worse, thought there were none. Whether you’re holding Bitcoin, trying to cash out, or just curious about the next big token, this collection cuts through the hype and shows you exactly what’s real, what’s risky, and what’s outright illegal in Pakistan today.