Cryptocurrency: a solution to corruption and transparency Govt should regulate cryptocurrency by hiring experts who can lead the initiative for the next five years The admiration of cryptocurrency and its blockchain technology continues to grow in Pakistan. At the same time, the public is hesitant to adopt a cryptocurrency such as Bitcoin, Ethereum, and Litecoin due to its volatility, anonymity, and lack of awareness. Several policymakers (ECB, IMF, BIS, EBA, ESMA, World Bank, and FATF) have examined the subject of cryptocurrencies since the inception of Bitcoin in 2009, with each addressing the issue in a slightly different way than the previous. The federal government, on the other hand, pays little attention to this issue. Under intense pressure from the FATF, which is an independent inter-governmental body that assists in developing and promoting policies aimed at safeguarding the global financial system against money laundering and terrorist financing. According to committee member, Ali Farid Khawaja, the federal government formed a committee, with half of the members having no idea what cryptocurrency is or how it operates globally. At the beginning of the second quarter of 2021, State Bank of Pakistan governor Dr Raza Baqir told CNN’s Julia Chatterley during an interview that they hoped to announce something about the cryptocurrency regulations in the coming months. Unfortunately, nothing has been heard in this regard since then.