Crypto Council
ISLAMABAD: The Pakistan Crypto Council (PCC) has been officially launched, marking a significant milestone in the country’s journey towards integrating blockchain technology and digital assets into its financial system.
The initiative reflects the government’s proactive approach to regulating and fostering innovation in the crypto space, with the goal of positioning Pakistan as a leader in the global digital economy.
According to the Ministry of Finance, the Pakistan Crypto Council will play a crucial role in formulating policies, encouraging innovation, and ensuring a secure and forward-thinking environment for crypto adoption.
Finance Minister Muhammad Aurangzeb has been appointed as the Chair of the council, while Bilal Bin Saqib, the Chief Advisor to the Finance Minister on the Pakistan Crypto Council, will serve as the CEO. Saqib brings extensive expertise in blockchain technology, investment strategy, and digital innovation, which will help drive the council’s vision forward.
The council’s board members 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 structure ensures that financial stability, regulatory oversight, legal frameworks, and technological advancements are integrated to support Pakistan’s evolving crypto ecosystem.
The formation of the Pakistan Crypto Council highlights the government’s commitment to embracing the global shift toward digital finance. With a focus on creating a safe and compliant environment for investors, businesses, and innovators, the council aims to provide regulatory clarity and foster responsible innovation in the crypto sector.
Speaking at the launch event, Finance Minister Muhammad Aurangzeb emphasized the importance of staying ahead in the rapidly evolving world of digital finance.
He stated that the establishment of the Pakistan Crypto Council would allow the country to embrace innovation while ensuring a regulatory framework that protects investors and the financial system. He further stressed that the council’s efforts would contribute to Pakistan’s economic growth and global competitiveness in the digital finance sector.
Bilal Bin Saqib, the CEO of the council, echoed these sentiments, highlighting that the initiative was not solely focused on regulations but on building an ecosystem where blockchain and digital finance can thrive. He emphasized that the council aims to strike a balance between progressive policymaking and creating an environment where entrepreneurs and businesses can confidently explore the potential of blockchain technology.
As the Pakistan Crypto Council begins its operations, it will focus on several key objectives. These include developing clear regulatory guidelines to facilitate crypto adoption, engaging with international crypto and blockchain organizations to implement best practices, encouraging responsible innovation by collaborating with key industry players such as fintech startups and blockchain developers, and ensuring consumer protection through robust legal and compliance frameworks.
The launch of the Pakistan Crypto Council signals a new era for Pakistan’s financial and technological landscape. It demonstrates the country’s readiness to embrace digital innovation and establish itself as a key player in the global digital asset market.
With the backing of key policymakers, regulatory heads, and industry experts, the PCC is dedicated to building a robust and progressive digital asset ecosystem that supports economic growth and technological advancement.
The council’s formation not only reflects Pakistan’s ambition to become a hub for blockchain innovation but also sends a clear message to global investors and crypto enthusiasts that the country is open for business and ready to lead in the digital finance sector.
