The Pakistan Crypto Council (PCC) will convene a high-level meeting on Monday, June 2, to deliberate on a regulatory and legal framework for digital currency and the broader crypto landscape in the country.
Chaired by Finance Minister Muhammad Aurangzeb, the meeting will include the participation of Special Assistant to the Prime Minister on Blockchain and Crypto Bilal bin Saqib, who will attend in his capacity as the CEO of the PCC. Additionally, the State Bank of Pakistan governor; the chairman of the Securities and Exchange Commission of Pakistan, the secretary Law and Justice Division; and the secretary Ministry of Information Technology and Telecommunication will attend as members of the PCC.
Key items on the agenda include the development of a robust regulatory framework to govern digital and virtual assets in Pakistan, in alignment with global standards and technological advancements. A focal point of discussion will be the groundwork for the establishment of the Pakistan Virtual Assets Regulatory Authority, a proposed autonomous body to oversee the digital finance and crypto ecosystem in the country.
The PCC aims to lay the foundation for a secure, transparent, and innovation-friendly regulatory environment, with a view to promoting responsible adoption of blockchain technology, protecting investors, and enhancing financial inclusion.
A statement issued by the Finance Division said the upcoming meeting underscored the government’s commitment to shaping a future-ready financial infrastructure while ensuring stability and compliance in the emerging digital economy.
The meeting comes on the heels of the Finance Ministry and SBP both informing the National Assembly that cryptocurrency remains illegal in Pakistan, even as the PCC CEO has announced the government’s intent to establish a Strategic Bitcoin Reserve.