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Pakistan's $21 Billion Crypto Journey: From Underground to Mainstream 🚀
Pakistan's crypto story is hitting a turning point. Banking institutions said no, yet Pakistanis poured roughly $21 billion into digital assets anyway. Pretty bold move. Peer-to-peer networks just wouldn't quit. The crypto wave? Unstoppable 🌊
The State Bank tried blocking everything back in 2018. Didn't work. Trading just went underground, flourishing in message groups and back channels. Now there's talk of making it legal. Mixed feelings all around. Will new rules help innovation? Or just create more red tape? Let's hope it's not the latter 🙏
The military's grip on economic decisions makes things tricky. $21 billion isn't small change. It needs transparency. But the way power works there, I'm not entirely sure the new rules won't just become another way to control things. Average citizens might get the short end of the stick 🧩
Something interesting happened in April. Pakistan teamed up with World Liberty Financial. They've got some kind of Trump family connections, it seems. Some American critics aren't happy. Conflict of interest concerns popped up. Then there's TRON founder Justin Sun. Said he wouldn't sell WLFI tokens. Then moved millions of them. Wallets got frozen. Politics and crypto make strange bedfellows 🔍
Pakistani crypto fans have mixed feelings about going legit. They broke the rules before. Now they're seeking the system's blessing. Kind of ironic. Plus, they're navigating this whole WLF political mess and Sun's questionable moves 🌐
That "attitude of gratitude" meme from 2025 really nails it. Pakistani traders feel thankful but wary. Progress is good. Implementation? Not entirely clear. Like the #attitudeofgratitude trend suggests - stay positive even when things are complicated. Crypto people get this 🌕
My current portfolio allocation: ETH: 33.66% BNSOL: 28.53% Others: 37.81%