March 14, 2025 (MLN): The Crypto Council of Pakistan (PCC) has officially launched, marking a significant step in the country’s efforts to regulate and integrate Blockchain technology and digital assets in its financial landscape, according to the press release issued by today’s Finance Division.
The Council will play a fundamental role in the formulation of policies, encourages innovation and guarantees a safe and vision of future for cryptographic adoption in Pakistan.
Pakistan Finance Minister Muhammad Aurengzeb will serve as president of the Pakistan Crypto Council, demonstrating the government’s commitment to the digital economy in evolution.
Billal Bin Saqib, the main advisor of the Minister of Finance of the Crypto Council of Pakistan, has been appointed CEO of the Council, contributing his experience in blockchain technology, investment strategy and digital innovation to lead the initiative.
The immediate members of the Immediate Board of the Crypto Council of Pakistan include governor of the State Bank of Pakistan, president of the Pakistan Stock Exchange and Securities Commission (SECP), Federal Secretary of Law and Federal Secretary of IT.
This diverse leadership structure ensures that regulatory supervision, financial stability, legal frameworks and technological advances meet to support Pakistan’s cryptographic ecosystem.
A new era for digital finances in Pakistan
The formation of the Crypto Council of Pakistan means the proactive position of the government to move Pakistan at the forefront of global change towards blockchain technology and digital assets.
With regulatory clarity and a structured approach, Pakistan aims to promote a safe and according to investors, companies and innovatives in cryptographic space.
Speaking about the launch of the Council, the Minister of Finance, Muhammad Aurengzeb, declared that the world is moving quickly towards digital finances, and Pakistan wishes to be a space leader.
The establishment of the Crypto Council of Pakistan is a step to adopt innovation while guaranteeing that we believe a regulatory framework that protects investors and the financial system, he added.
“We are committed to promoting a responsible and progressive cryptographic ecosystem that can contribute to Pakistan’s economic growth,” he also said.
Bin Saqib, CEO of the Pakistan Crypto Council, emphasized the importance of this initiative, stating that this Council is not just about regulations, but that it is about creating an ecosystem where Blockchain and digital finances can prosper. Our goal is to ensure that Pakistan becomes a competitive player in the global digital economy while prioritizing security, transparency and innovation.
By gathering key stakeholders, our goal is to achieve a balance between the formulation of progressive policies and the promotion of an environment where entrepreneurs and companies can confirm with confidence the potential of blockchain technology.
The Pakistan Crypto Council will focus on developing clear regulatory policies, involving interested parties in the public and private sectors, and positioning Pakistan as a key player in the panorama of global digital assets.
Next steps
As the Council starts its operations, it will prioritize:
• Establish clear regulatory guidelines to facilitate the adoption of cryptography.
• Commit to international cryptographic organizations and blockchain to guarantee best practices.
• Promote responsible innovation working closely with key actors in the industry, including new Fintech companies, investors and blockchain developers.
• Protect consumers and guarantee financial security through solid legal frameworks and compliance.
The launch of the Crypto Council of Pakistan points out a new chapter in the financial and technological evolution of Pakistan, reinforcing the position of the country that Pakistan is open for business and an innovation leader in the digital finance sector.
The PCC is an initiative supported by the government aimed at regulating, promoting and integrating innovations of blockchain and cryptocurrencies into the financial and economic framework of Pakistan.
Directed by key policy formulators, regulatory bosses and industry experts, the PCC is dedicated to establishing an ecosystem of robust and progressive digital assets.
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Posted on: 2025-03-14t21: 50: 57+05: 00
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