Crypto Council
ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has announced that the establishment of the Pakistan Crypto Council (PCC) signifies the beginning of a new digital era for the country’s economy, on Friday. This initiative is seen as a significant step toward regulating and integrating cryptocurrency and blockchain technology into Pakistan’s financial landscape.
Senator Aurangzeb chaired the inaugural meeting of the Pakistan Crypto Council, which brought together key stakeholders, including the Council’s CEO, Bilal Bin Saqib, the Governor of the State Bank of Pakistan, and the Chairman of the Securities and Exchange Commission of Pakistan (SECP).
The meeting focused on exploring the potential of cryptocurrency in Pakistan and laying the groundwork for a regulatory framework that ensures transparency, security, and economic stability.
During the meeting, Bilal Bin Saqib presented the Council’s vision and mission, outlining its objectives for the future. His presentation was well received, with the finance minister praising the comprehensive approach taken by the Council in formulating strategies for digital finance.
The discussion emphasized the importance of bringing together all relevant stakeholders, including financial institutions, regulatory bodies, and technology experts, to create a collaborative environment for cryptocurrency adoption and blockchain integration.
Muhammad Aurangzeb reiterated the government’s commitment to fostering a secure and robust financial ecosystem. He highlighted that the PCC would act as a platform for dialogue and policymaking, ensuring that Pakistan remains at the forefront of digital finance advancements.
He also emphasized that the Council’s establishment aligns with the country’s broader efforts to modernize its financial infrastructure and regulate the use of digital assets.
The launch of the Pakistan Crypto Council marks a turning point in the country’s approach to cryptocurrency. According to an official press release, the Council will play a crucial role in shaping policies, encouraging innovation, and ensuring a secure and forward-thinking strategy for cryptocurrency adoption in Pakistan.
The aim is to create a regulatory environment that balances technological progress with financial security, protecting investors and ensuring compliance with international standards.
Finance Minister Muhammad Aurangzeb will serve as the Chair of the Pakistan Crypto Council, overseeing its operations and guiding its strategic direction. Meanwhile, Bilal Bin Saqib has been appointed as the CEO of the Council.
With his expertise in blockchain technology, investment strategies, and digital innovation, he is expected to lead the initiative effectively, fostering a pro-crypto ecosystem while maintaining regulatory oversight.
The establishment of the Pakistan Crypto Council signals a major milestone in the country’s financial sector, paving the way for the responsible and structured adoption of digital assets. As global financial systems continue to evolve, Pakistan’s proactive approach to cryptocurrency regulation could position it as a leader in digital finance in the region.
