In a major development, Pakistan has officially launched the Pakistan Crypto Council (PCC) to regulate and integrate blockchain technology and digital assets into the country’s financial system.
According to a statement from the Ministry of Finance, the council will play a crucial role in shaping policies, encouraging innovation, and ensuring a secure and progressive approach to cryptocurrency adoption in Pakistan.
The ministry highlighted that the creation of the PCC reflects the government’s proactive efforts to position Pakistan as a key player in the global shift toward blockchain and digital finance.
Finance Minister Muhammad Aurangzeb has been appointed as the Chair of the Pakistan Crypto Council, underscoring the government’s commitment to the country’s digital economy.
Meanwhile, Bilal Bin Saqib, who serves as the Chief Advisor to the Finance Minister on the Pakistan Crypto Council, has been named the CEO of the organization.
With a strong background in blockchain technology, investment strategies, and digital innovation, he is expected to lead the council’s initiatives effectively.
The council’s initial board members include the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Federal Law Secretary, and the Federal IT Secretary.
This diverse leadership team brings together expertise in financial regulation, legal frameworks, and technology to support Pakistan’s growing cryptocurrency ecosystem.
The government aims to create a structured and secure environment for investors, businesses, and innovators in the crypto sector.
As part of its initial focus, the council will establish clear regulatory guidelines to facilitate cryptocurrency adoption.
It will work with global blockchain organizations, engage industry leaders, and ensure consumer protection through legal and compliance measures.
The launch of the Pakistan Crypto Council marks a significant milestone in the country’s financial and technological evolution.
It sends a strong message that Pakistan is open for business and is determined to be a leader in digital financial innovation.