Islamabad – Pakistan has officially launched the Pakistan Crypto Council (PCC), marking a significant step towards regulating and integrating blockchain technology and digital assets into the country’s financial landscape, the Ministry of Finance announced on Friday.
According to the official press release, the PCC will play a crucial role in policy formulation, fostering innovation, and ensuring a secure and progressive approach to cryptocurrency adoption in Pakistan.
Finance Minister Muhammad Aurangzeb has been appointed as the Chair of the Pakistan Crypto Council, reflecting the government’s strong commitment to the evolving digital economy. Meanwhile, Bilal Bin Saqib, Chief Advisor to the Finance Minister on the Pakistan Crypto Council, has been named as the CEO of the council. With his expertise in blockchain technology, investment strategy, and digital innovation, Saqib is expected to lead the initiative towards a structured and compliant crypto ecosystem.
A Collaborative Regulatory Approach
The immediate board members of the PCC 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 ensures a multi-dimensional approach to financial stability, legal frameworks, regulatory oversight, and technological advancement.
The establishment of the Pakistan Crypto Council highlights the government’s proactive stance in positioning Pakistan at the forefront of the global shift towards blockchain and digital asset adoption. By implementing regulatory clarity and a structured approach, the government aims to create a safe and compliant environment for investors, businesses, and innovators in the crypto space.
Statements from Leadership
Speaking on the launch, Finance Minister Muhammad Aurangzeb emphasized the importance of embracing digital finance and innovation to position Pakistan as a leader in the field.
“The world is moving rapidly towards digital finance, and Pakistan wishes to be at the forefront. The establishment of the Pakistan Crypto Council is a step towards embracing innovation while ensuring 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,” he stated.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, underscored the council’s role beyond regulation, highlighting the importance of creating a thriving ecosystem for blockchain and digital finance.
“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,” Saqib added.
Focus Areas and Future Plans
The Pakistan Crypto Council will prioritize:
- Developing clear regulatory policies to facilitate crypto adoption.
- Engaging with international crypto and blockchain organizations to ensure adherence to global best practices.
- Encouraging responsible innovation by collaborating with fintech startups, investors, and blockchain developers.
- Protecting consumers and ensuring financial security through strong legal and compliance frameworks.
The launch of the PCC signals a new chapter in Pakistan’s financial and technological evolution, reinforcing the country’s commitment to being a hub for digital finance innovation.
Government-Backed Initiative
The Pakistan Crypto Council is a government-backed initiative aimed at regulating, fostering, and integrating blockchain and cryptocurrency innovations into the country’s financial and economic framework. Led by key policymakers, regulatory heads, and industry experts, the PCC is dedicated to establishing a robust and progressive digital asset ecosystem.
With this initiative, Pakistan is positioning itself as an attractive destination for blockchain innovation and digital finance, signaling that the country is open for business in the rapidly evolving global crypto economy.
