📅 would passibly 23, 2025
Government of Pakistan recently Pakistan Virtual Belongings Authority (PDAA) has made it clear that he does not want to stay behind with cryptocurrency and blockchain. The main objective of this new organization is to regulate digital currency, wallets and blockchain-based applications in the country. This step will not only ensure the security of users, but will also pave the way to establish Pakistan as a hub in web 3 technology.
Pakistan Finance Minister Mohammad Aurangzeb’s statement that “we have to lead the rules, but lead,” indicates that Pakistan is now preparing to play a big role in a digital economy. PDAA will not only bring regulations, but will also see how government properties can be converted into digital tokens and excess electricity is used in bitcoin mining.
Republic of India vs Pakistan, difference in population, change in thinking?
While the total population of Pakistan is around 30 to 40 crores, more than 200 million crypto investors are already present in Republic of India. If seen, as many users of Pakistan are in India, they are already associated with crypto and blockchain in India. In my personal opinion, this figure has now reached around 30 crores, many of which are active in Cryptocurrency Buying and Selling, NFT, Web3 and Development.
Despite this, the policy of the Government of India has been very strict so far. Rules like 30% tax and 1% TDS have removed traditional investors from this market. But recently the Supreme Court has asked the government that if tax can be taken, then why not regulation? This may be an indication that the government is now preparing to change its policy.
Global presser and India’s possible step
Now all countries around the world Bitcoin retain Are making and include blockchain technology in government schemes. Countries like Usa, UAE and Japan have already brought Web3 and Blockchain into the mainstream. Pakistan’s PDAA is a step in the same direction, which has now brought India to a position to respond.
The Government of India needs to understand that the youth population of the country is adopting the crypto market rapidly. This is the same generation that has the ability to lead in the world of 5G, AI and Web3. If India still does not take concrete steps in the region, not only will there be loss of possible investment, but can also lag behind in global competition.
Conclusion
The announcement of Pakistan’s PDAA has given a signal to Republic of India, either move or leave behind. India has everything resources, technology, talent and population. Only the need is a clear and progressive policy, which increases the trust of investors and make the country a global leader in crypto and blockchain.
While Pakistan is now making way for innovation, India should also make a regulated, but encouraging crypto ecosystem by giving a positive answer to the Supreme Court questions. Only then India will not only be able to survive in this digital race, but can also go forward.
