Pakistan Crypto Regulations: What's Legal, What's Not in 2025

When it comes to Pakistan crypto regulations, the official stance from the State Bank of Pakistan bans banks from handling cryptocurrency transactions, but the government quietly allows crypto mining under state power allocations. Also known as crypto policy in Pakistan, this split approach creates a gray zone where people trade crypto daily but can’t use local banks to do it. The country isn’t fully banning crypto—it’s just making it hard to connect to the traditional financial system.

That’s why crypto mining Pakistan, a project backed by the federal government to use excess electricity for Bitcoin mining. Also known as Pakistan energy mining initiative, it’s a $2 billion+ plan to turn surplus power into digital assets matters so much. In 2024, Pakistan allocated 2,000 megawatts of electricity just for mining operations—enough to power a small country. But the IMF is watching closely, worried these subsidies drain public funds. Meanwhile, regular Pakistanis use crypto to send money home from the Gulf, buy overseas goods, and even invest in tokens like MOR and SHIDO, even though banks freeze those accounts.

It’s the same story with crypto exchange Pakistan, local platforms can’t operate legally under banking rules, so traders rely on offshore exchanges like Scalpex, HollaEx, or Nexis DEX. Also known as unregulated crypto trading in Pakistan, this underground market thrives because there’s no real alternative. People use peer-to-peer apps, USDT, and mobile wallets to avoid detection. The government hasn’t cracked down hard—not because they support crypto, but because they can’t stop it. The real question isn’t whether crypto is legal—it’s whether Pakistan will ever build a legal bridge between its digital economy and its banking system.

What you’ll find below are real reviews and breakdowns of platforms Pakistanis actually use, the mining deals that are happening behind closed doors, and how people are bypassing restrictions without getting caught. No theory. No fluff. Just what’s working right now in a country where crypto is banned—but still everywhere.