Mar 15, 2025

Pakistan Officially Launches Crypto Council to Regulate Digital Finance

Pakistan has launched the Pakistan Crypto Council (PCC), a government-backed initiative to regulate and integrate blockchain technology and digital assets into the country’s financial system. The move signals the country’s commitment to digital finance, aligning with global trends in cryptocurrency adoption.

The announcement follows the appointment of Bilal bin Saqib as Chief Advisor to the Finance Minister for digital asset management. The Finance Division described the council’s formation as a significant step in Pakistan’s efforts to embrace blockchain technology and establish a structured approach to cryptocurrency regulation.

Finance Minister Muhammad Aurangzeb will lead the council, with key financial and legal officials on its immediate board. 

Finance Minister Muhammad Aurangzeb

Members include the State Bank of Pakistan Governor, the Securities and Exchange Commission of Pakistan (SECP) Chairman, the Federal Law Secretary, and the Federal IT Secretary. This diverse leadership structure aims to balance regulatory oversight, financial stability, legal frameworks, and technological advancements.

Aurangzeb emphasized Pakistan’s goal of becoming a leader in digital finance. “The establishment of the Pakistan Crypto Council is a step towards embracing innovation while ensuring we create a regulatory framework that protects investors and the financial system,” he said. The finance minister underscored the need for responsible and progressive crypto policies that contribute to economic growth.

Strategic Goals and Innovation

The PCC’s priorities include establishing clear regulatory guidelines to facilitate cryptocurrency adoption, engaging with international crypto and blockchain organizations, and promoting responsible innovation. The council also seeks to develop policies that encourage fintech startups and blockchain developers while maintaining consumer protection and financial security.

Bilal bin Saqib, who will serve as the CEO of the council, highlighted its broader vision.

“This council is not just about regulations; it’s about creating an ecosystem where blockchain and digital finance can thrive,” he said.

He added that Pakistan aims to be a competitive player in the global digital economy, with security, transparency, and innovation at the forefront.

The council will work closely with fintech companies, investors, and blockchain developers to ensure best practices in the crypto sector. A major focus will be on consumer protection through robust legal and compliance frameworks. By bringing together key stakeholders, the PCC aims to create an environment that supports blockchain entrepreneurship and sustainable economic expansion.

The establishment of the PCC comes after discussions between Finance Minister Aurangzeb and a foreign delegation in February, during which Pakistan signaled its intent to adopt digital currencies. The Finance Division described the council as a pivotal step in regulating blockchain and digital assets in a structured and secure manner.

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