Pakistan has tapped on the next-generation door of financing by throwing open vistas of cooperation in cryptocurrency. The MoU signed with Binance will see an endowment of up to $2 billion in the formats of sovereign bonds, T-bills and commodity reserves. This is a great leap forward for an economy struggling with deficits amid falling exports and negligible FDI. This enabling of the tokenisation and blockchain-based distribution of Pakistan's real-world assets is a far-sighted decision, requiring efforts to institutionalise digitisation of the economy. The nod to Binance and HTX, a digital-asset platform, will see regulators set up local subsidiaries and begin preparations for full exchange licence applications.

Pakistan, which ranks third on the pedestal of the crypto market, has no dea

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