Pakistan Built Its Crypto Regulatory Regime Using Just 8% Of Its Budget, Minister Bilal Bin Saqib Reveals At Bitcoin Asia

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Pakistan has launched its virtual asset regulatory regime in less than six months while using just 8% of the budget allocated to build it, according to Bilal Bin Saqib, the country’s Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA).

Speaking at Bitcoin Asia in Hong Kong on August 28, Saqib said approximately $200,000 was used to build and operationalize the new regulatory framework, leaving roughly 92% of the approved budget unspent.

“We used only 8% of our approved budget to get this done,” Saqib announced. “Government should not measure success by how much money it spends. It should measure success by how much it delivers.”

Pakistan…