Abstract

This study analyses the growing importance of cryptocurrencies in Baluchistan, Pakistan, using the Rabby Wallet and Dex Screener to identify suspicious transactions linked to the Baluchistan Youth Council (BYC) in 2023. Baluchistan, one of Pakistan’s least digitally connected areas, has adopted Decentralized Finance (DeFi) techniques, likely due to financial exclusion, surveillance avoidance, and informal remittance networks. The mixed-methods study analyses secondary data, tracks blockchain transactions, and reviews policy. Digital finance has structural constraints due to broadband penetration differences (15% in Baluchistan vs. 58.4% overall). Local traders, activists, and remittance beneficiaries may selectively adopt Rabby Wallet, according to wallet-level examinations. Event-window examination of Dex Screener data shows anomalous trading volumes, especially in low-liquidity tokens, amid BYC rallies and political mobilizations. These inconsistencies undermine cryptocurrency’s significance in socio-political movements and its absorption into Baluchistan’s shadow financial environment. The paper interprets these data using financial repression, technological adoption, and conflict economics. It contends that crypto adoption in Baluchistan is low but strategic in political finance and informal cross-border trade. The paper suggests improving financial inclusion, regulating decentralized platforms, and training investigators. This study illuminates how digital finance affects political movements in fragile regions and the risks and potential of bitcoin adoption in Baluchistan.

Keywords: Cryptocurrency transactions, Rabby wallet adoption, Baluchistan digital economy, Dex screener event analysis