Pakistan and Kyrgyzstan have agreed Pakistan television (PTV) reported on Saturday.
The Pakistani government has recently displaced to accelerate the adoption of cryptocurrencies for banks, currency companies and gold trade. In March, the Crypto Council of Pakistan (PCC) was launched, which was an initiative backed by the Government to regulate, promote and integrate blockchain innovations and cryptocurrencies in the country’s financial and economic framework.
“A high -level videoconference was held between the State Minister for Crypto and Blockin Bin Saqib and director of the National Investment Agency of Kyrguistan Farukht Aminov,” According to Payment television.
“Both parties emphasized the development of virtual assets, exchange of technology and cooperation in regulatory frameworks,” he added.
The director of Kyrguistan stressed the importance of exchanging information, experiences and global best practices.
Bin Saqib said that Kyrguistan can become a key partner in innovation and regulation in digital assets. He described the relations of Pak-Kygz as a solid base in the digital economy of the future.
The two countries also discussed the signing of a memorandum of understanding (MOU) for formal cooperation in the cryptographic sector. The participants expressed their commitment to continue bilateral cooperation for the establishment of a safe, transparent and modern digital economy.
Videoconference participants also agreed that there is a need for regional associations to promote blockchain and digital finance in the center and south of Asia.
In July, President Asif Ali Zardari had approved the “Ordinance of Virtual Assets, 2025” to establish an independent regulator for virtual and cryptocurrency assets.
Bitcoin pioneer Michael Saylor has also previously praised Pakistan’s efforts to move towards cryptocurrencies and digital assets.