Pakistan Crypto Council Launched to Shape Digital Finance
APP
Islamabad: Pakistan has officially launched the Pakistan Crypto Council (PCC), marking a major step toward regulating and integrating blockchain technology and digital assets into the country’s financial landscape, the Ministry of Finance announced on Friday.
According to an official statement, the PCC will play a pivotal role in policy formulation, innovation promotion, and ensuring a secure framework for cryptocurrency adoption in Pakistan.
Finance Minister Muhammad Aurangzeb will serve as the Chair of the Council, reinforcing the government’s commitment to digital finance. Bilal Bin Saqib, the Chief Advisor to the Finance Minister on the PCC, has been appointed as its CEO, bringing expertise in blockchain technology, investment strategy, and digital innovation to lead the initiative.
Regulatory Oversight & Leadership
The PCC’s board includes key regulatory and financial leaders:
Governor of the State Bank of Pakistan
Chairman of the Securities and Exchange Commission of Pakistan (SECP)
Federal Law Secretary
Federal IT Secretary
This diverse leadership structure ensures regulatory oversight, financial stability, legal clarity, and technological advancement in the crypto space.
Government’s Vision for Crypto Adoption
The formation of the PCC signifies Pakistan’s proactive approach in embracing blockchain technology and digital assets. With regulatory clarity and a structured strategy, Pakistan aims to foster a safe and compliant environment for investors, businesses, and innovators in the crypto industry.
Finance Minister Muhammad Aurangzeb highlighted the importance of digital finance, stating:
“The world is rapidly moving towards digital finance, and Pakistan aspires to be a leader in this space. The Pakistan Crypto Council will help us embrace innovation while ensuring a regulatory framework that protects investors and strengthens the financial system.
We are committed to fostering a responsible and progressive crypto ecosystem that contributes to economic growth.”
PCC CEO Bilal Bin Saqib emphasized that the council’s vision extends beyond regulation:
“Our goal is to position Pakistan as 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 ecosystem where entrepreneurs and businesses can confidently explore blockchain technology.”
Strategic Priorities of the PCC
The Pakistan Crypto Council will focus on:
Developing clear regulatory policies for crypto adoption
Engaging with international crypto and blockchain organizations to implement best practices
Encouraging responsible innovation by collaborating with fintech startups, investors, and blockchain developers
Ensuring consumer protection and financial security through robust legal frameworks
The launch of the Pakistan Crypto Council signals a new chapter in the country’s financial and technological evolution, reinforcing Pakistan’s commitment to becoming a leader in digital finance and innovation.
It is pertinent to mention that the PCC is a government-backed initiative dedicated to fostering and regulating blockchain and cryptocurrency innovations within Pakistan’s financial and economic framework. Led by key policymakers, regulatory heads, and industry experts, the council aims to build a progressive and robust digital asset ecosystem.
