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Recently, Pakistan's development in the Crypto Assets field has attracted widespread attention. The country's State Minister for Crypto Assets and Blockchain, Bilal Bin Saqib, shared some remarkable insights. He emphasized that Pakistan's unique demographic structure is becoming an important factor in promoting the adoption of Bitcoin and other Crypto Assets, making the country's development in this field likely to surpass many developed countries.
It is reported that the Pakistani government has begun implementing Crypto Assets regulatory measures in November 2024. This initiative echoes the country's booming Crypto Assets market. Currently, Pakistan has about 40 million Crypto Assets wallets, ranking among the top five in global penetration rates.
The core reason for this phenomenon lies in the young population ratio in Pakistan. Statistics show that 70% of the country's population is under the age of 30, demonstrating a clear trend towards a younger demographic. Minister Saqib specifically pointed out that the median age of Pakistan's population is only 20 years, and this large young group is roughly equivalent to the population size of the ninth or tenth largest country in the world.
The younger generation generally has a higher acceptance and adaptability to new technologies, which gives Pakistan a unique advantage in the application of emerging technologies, especially in the field of Crypto Assets and Blockchain technology. Saqib believes that it is this demographic dividend that allows emerging market countries like Pakistan to likely achieve leapfrog development in the adoption of new technologies, and even surpass traditional developed countries in certain areas.
This trend not only reflects Pakistan's potential in the digital economy transformation but also provides us with a window to observe how emerging markets leverage the advantages of a young population to drive technological innovation. As the global Crypto Assets market continues to develop, Pakistan's experience will undoubtedly provide valuable insights and references for other countries.