ISLAMABAD
\nThe Pakistan Crypto Council (PCC) has been launched officially, marking a significant step in the country\u2019s efforts to regulate and integrate blockchain technology and digital assets into its financial landscape, ministry of finance said here Friday.
\nAccording to press release, the council would play a pivotal role in formulating policies, fostering innovation, and ensuring a secure and forward-thinking approach to crypto adoption in Pakistan.
\nFinance Minister, Muhammad Aurangzeb will serve as the Chair of the Pakistan Crypto Council, demonstrating the government\u2019s commitment to the evolving digital economy. Bilal Bin Saqib, the Chief Advisor to the Finance Minister on the Pakistan Crypto Council, has been appointed as the CEO of the Council, bringing his expertise in blockchain technology, investment strategy, and digital innovation to spearhead the initiative.
\nThe Pakistan Crypto Council\u2019s immediate board members include Governor of the State Bank of Pakistan, Chairman of the Securities and Exchange Commission of Pakistan (SECP), Federal Law Secretary and Federal IT Secretary. This diverse leadership structure ensures that regulatory oversight, financial stability, legal frameworks, and technological advancements are brought together to support Pakistan\u2019s crypto ecosystem.
\nThe statement added that the formation of the Pakistan Crypto Council signifies the government\u2019s proactive stance in moving Pakistan to the forefront of the global shift towards blockchain technology and digital assets.
\nWith regulatory clarity and a structured approach, Pakistan aims to foster a safe and compliant environment for investors, businesses, and innovators in the crypto space.
\nSpeaking on the launch of the Council, Finance Minister Muhammad Aurangzeb said that the world was moving rapidly toward digital finance, and Pakistan wishes to be a leader in the space.
\n\u201cThe 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\u2019s economic growth,\u201d he said.
\nSpeaking on the occasion, Bilal Bin Saqib, CEO of the Pakistan Crypto Council said the council was not just about regulations rather it is about creating an ecosystem where blockchain and digital finance can thrive.
\n\u201cOur 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,\u201d he said.
\nThe 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.
\nAccording to press release, as the council kicks off its operations, it 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.
\nThe launch of the Pakistan Crypto Council signals a new chapter in Pakistan\u2019s financial and technological evolution, reinforcing the country\u2019s stance that Pakistan is open for business and a leader in innovation in the digital finance sector.
\nIt is pertinent to mention here that the Pakistan Crypto Council (PCC) is a government-backed initiative aimed at regulating, fostering, and integrating blockchain and cryptocurrency innovations into Pakistan\u2019s financial and economic framework.
\nLed by key policymakers, regulatory heads, and industry experts, the PCC is dedicated to establishing a robust and progressive digital asset ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD The Pakistan Crypto Council (PCC) has been launched officially, marking a significant step in the country\u2019s efforts to regulate and integrate blockchain technology and digital assets into its financial landscape, ministry of finance said here Friday. According to press release, the council would play a pivotal role in formulating policies, fostering innovation, and ensuring […]<\/p>\n","protected":false},"author":2,"featured_media":467114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-467095","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n