Pakistan, Aug. 2 -- Pakistan's State Minister for Crypto and Blockchain Bilal bin Saqib has met with Bo Hines, President Donald Trump's adviser on digital assets, and discussed with him Pakistan's plans to become a regional Web3 innovation hub, the Pakistani finance ministry said on Friday, amid efforts by both countries to cooperate on crypto policy and legislation.

Web3 is a decentralized Internet built on blockchain, giving users control over their data, identity and digital assets by using peer-to-peer networks, smart contracts and cryptocurrencies to enable intermediary-free interactions. It supports decentralized apps like NFTs and DAOs to promote transparency and user ownership unlike Web2 which is dominated by platforms like Goog...