Pakistan has officially launched the Pakistan Crypto Council (PCC), a major initiative aimed at regulating and integrating blockchain technology and digital assets into the country’s financial sector, the Ministry of Finance announced on Friday.
According to an official press release, the council will play a crucial role in developing policies, fostering innovation, and ensuring a secure and forward-thinking approach to cryptocurrency adoption. Finance Minister Muhammad Aurangzeb will serve as the Chair of the PCC, underscoring the government’s commitment to advancing the 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. With extensive experience in blockchain technology, investment strategy, and digital innovation, he will spearhead the initiative.
The council’s immediate 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 regulatory oversight, financial stability, legal frameworks, and technological advancements align to support Pakistan’s crypto ecosystem.
The statement added that the establishment of the Pakistan Crypto Council reflects the government’s proactive stance in positioning the country at the forefront of the global shift towards blockchain technology and digital assets. By providing regulatory clarity and a structured approach, Pakistan aims to create a safe and compliant environment for investors, businesses, and innovators in the cryptocurrency sector.
Commenting on the launch, Finance Minister Muhammad Aurangzeb emphasized the importance of adapting to the evolving financial landscape.
“The world is rapidly moving towards digital finance, and Pakistan wants to be a leader in this 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 stated.
Bilal Bin Saqib, CEO of the PCC, highlighted that the council’s mission extends beyond regulation.
“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 significant player in the global digital asset market.
As the council commences its operations, it will prioritize establishing clear regulatory guidelines to facilitate cryptocurrency adoption. It will also engage with international crypto and blockchain organizations to align with best practices, encourage responsible innovation by collaborating with industry leaders, including fintech startups, investors, and blockchain developers, and ensure consumer protection and financial security through robust legal and compliance frameworks.
The launch of the Pakistan Crypto Council marks a new chapter in the country’s financial and technological evolution, reinforcing its position as a hub for innovation in the digital finance sector.
Notably, the Pakistan Crypto Council is a government-backed initiative aimed at regulating, fostering, and integrating blockchain and cryptocurrency innovations into the country’s financial and economic framework. Led by key policymakers, regulatory heads, and industry experts, the PCC is dedicated to establishing a robust and progressive digital asset ecosystem.
