The Government of Pakistan has officially launched the Pakistan Crypto Council (PCC), marking a significant step in the country’s efforts to regulate and integrate blockchain technology and digital assets into its financial landscape.
Led by Finance Minister Muhammad Aurangzeb, the council is set to play a pivotal role in formulating policies, fostering innovation, and ensuring a secure and forward-thinking approach to crypto adoption in Pakistan. Earlier this week, the government appointed Bilal bin Saqib the chief adviser to the finance minister on the Council, and he has been appointed the Council’s CEO in light of his expertise in blockchain technology, investment strategy, and digital innovation.
The Pakistan Crypto Council’s board would comprise the State Bank of Pakistan governor; the chairman of the Securities and Exchange Commission of Pakistan (SECP); and the federal law and I.T. secretaries. This diverse leadership structure ensures that regulatory oversight, financial stability, legal frameworks, and technological advancements are brought together to support Pakistan’s crypto ecosystem.
A New Era
The formation of the Pakistan Crypto Council signifies the government’s proactive stance in moving Pakistan to the forefront of the global shift towards blockchain technology and digital assets. With regulatory clarity and a structured approach, Pakistan aims to foster a safe and compliant environment for investors, businesses, and innovators in the crypto space.
Addressing the launch of the Council, the finance minister noted the world is moving rapidly toward digital finance, and Pakistan aspires to be a leader in the space. “The establishment of the Pakistan Crypto Council is a step towards embracing innovation while ensuring that we create a regulatory framework that protects investors and the financial system. We are committed to fostering a responsible and progressive crypto ecosystem that can contribute to Pakistan’s economic growth,” he added.
Bilal bin Saqib also emphasized the significance of this initiative. “This council is not just about regulations—it’s about creating an ecosystem where blockchain and digital finance can thrive. Our goal is to ensure that Pakistan becomes a competitive player in the global digital economy while prioritizing security, transparency, and innovation. By bringing together key stakeholders, we aim to strike a balance between progressive policymaking and fostering an environment where entrepreneurs and businesses can confidently explore the potential of blockchain technology,” he said.
The Pakistan Crypto Council will focus on developing clear regulatory policies, engaging stakeholders from both the public and private sectors, and positioning Pakistan as a key player in the global digital asset landscape.
Next Steps
The Council will prioritize establishing clear regulatory guidelines to facilitate crypto adoption; engaging with international crypto and blockchain organizations to ensure best practices; encouraging responsible innovation by working closely with key players in the industry, including fintech startups, investors, and blockchain developers; and protecting consumers and ensuring financial security through robust legal and compliance frameworks.
The launch of the Pakistan Crypto Council signals a new chapter in Pakistan’s financial and technological evolution, reinforcing the country’s stance that Pakistan is open for business and a leader in innovation in the digital finance sector.