The value of cash sent to Pakistan through formal remittance channels surged at the end of last year amid a countrywide crackdown on black market dollar trades
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Authors
Sam Bourgi
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Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up
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Pakistan’s crypto adoption is driven by remittance needs and currency instability. A 2023 KuCoin survey showed 33% of local investors use crypto to hedge against the rupee’s devaluation
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