Adopting Crypto currency in Pakistan; an Analysis of Legal and Regulatory Approaches of Pakistan Comparable to Global Best Practices.

This article has examined the legal framework and status concerning crypto currency in Pakistan. It has highlighted the associated issues that Pakistan is facing like other developing countries. It has discussed the examples of other jurisdictions who have best standards and practices that are appreciable in regulating digital currencies and provides a crypto-friendly ecosystem. It highlights the necessity of recognizing and regulating crypto currencies in Pakistan. This study analyzes the situation of legal and regulatory framework of Pakistan and offer recommendations for reforms in the laws governing financial structures and cyber-crimes in Pakistan and suggested ways of promoting best practices by taking guidance and lessons from international standards and approaches. [ABSTRACT FROM AUTHOR]