Pakistan's top financial institution banned transactions in digital currencies back in 2018. As per the reports regulating cryptocurrency news raises the possibility to legalize cryptocurrency in Pakistan. The State Bank of Pakistan, the Securities and Exchange Commission, and the Finance Division is working on the project. According to the Minister of Science and Technology, the blockchain will become a 20-billion market by 2024. However, government control is essential to avoid harm and to ensure transparency. Bitcoin is neither officially regulated in neither Pakistan nor illegal nor prohibited. The State Bank of Pakistan has not authorized any cryptocurrency in Pakistan to sell, buy, exchange, and invest.