The Pakistani government has officially established the Pakistan Crypto Council (PCC) as part of its broader strategy to drive digital transformation, according to an announcement by the Finance Division.
A notification issued by the Finance Division confirmed that the PCC will serve as a high-level advisory body, bringing together key financial and regulatory authorities to shape the country’s digital financial landscape.
The council’s composition includes:
- Chairman: Minister for Finance and Revenue
- Member: Governor, State Bank of Pakistan
- Member: Federal Secretary, Law and Justice Division
- Member: Federal Secretary, Information Technology
- Member: Chairman, Securities and Exchange Commission of Pakistan
In a significant move, Bilal Bin Saqib has been appointed as the Chief Executive Officer of the PCC, signaling the government’s commitment to integrating cryptocurrency and blockchain technology into Pakistan’s financial ecosystem.
The formation of the PCC marks a crucial step towards regulatory clarity in the crypto sector, aligning Pakistan with global trends in digital finance. Industry experts believe this initiative could pave the way for robust policies, fostering innovation while ensuring consumer protection and financial stability.
