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

Quotes that support claims

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

33% of local crypto investors use digital assets to hedge against the rupee’s devaluation