Government Takes a Major Step Towards Digital Asset Integration
The Pakistan Crypto Council (PCC) has been officially launched, marking a significant milestone in the country’s efforts to regulate and integrate blockchain technology and digital assets into its financial ecosystem, the Ministry of Finance announced on Friday.
Key Objectives of the Pakistan Crypto Council
According to an official press release, the PCC will play a pivotal role in policy formulation, fostering innovation, and ensuring a secure approach to crypto adoption in Pakistan. The initiative reflects the government’s proactive stance in adapting to the global shift towards digital finance.
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Leadership & Structure
- Finance Minister Muhammad Aurangzeb has been appointed Chair of the Pakistan Crypto Council, highlighting the government’s commitment to blockchain and digital assets.
- Bilal Bin Saqib, Chief Advisor to the Finance Minister, has been named CEO of the PCC, bringing expertise in blockchain technology, investment strategy, and digital innovation.
- Key board members include:
- Governor, State Bank of Pakistan (SBP)
- Chairman, Securities and Exchange Commission of Pakistan (SECP)
- Federal Law Secretary
- Federal IT Secretary
This diverse leadership ensures regulatory oversight, financial stability, legal frameworks, and technological advancements to support Pakistan’s evolving crypto ecosystem.
Government’s Vision for Crypto Adoption
Speaking at the launch, Finance Minister Muhammad Aurangzeb emphasized the global transition toward digital finance, stating that Pakistan aims to lead the space.
“The establishment of the Pakistan Crypto Council is a step towards embracing innovation while ensuring that we create a regulatory framework that protects investors and the financial system. We are committed to fostering a responsible and progressive crypto ecosystem that can contribute to Pakistan’s economic growth.”
Similarly, Bilal Bin Saqib, CEO of PCC, stated that the Council’s goal is not just regulation but to create an ecosystem where blockchain and digital finance can thrive.
“Our goal is to ensure that Pakistan becomes a competitive player in the global digital economy while prioritizing security, transparency, and innovation. By bringing together key stakeholders, we aim to strike a balance between progressive policymaking and fostering an environment where entrepreneurs and businesses can confidently explore the potential of blockchain technology.”
Focus Areas & Regulatory Framework
The Pakistan Crypto Council aims to:
✅ Develop clear regulatory policies for crypto adoption.
✅ Engage with international crypto and blockchain organizations to align with best practices.
✅ Encourage responsible innovation by collaborating with fintech startups, investors, and blockchain developers.
✅ Protect consumers and ensure financial security through legal and compliance frameworks.
Pakistan’s Stance on Blockchain & Digital Finance
The launch of the Pakistan Crypto Council signifies a new chapter in Pakistan’s financial and technological evolution. The government-backed initiative reinforces the country’s commitment to blockchain technology and digital assets, ensuring Pakistan remains open for business and a leader in innovation within the digital finance sector.
