Pakistan has launched a national crypto council to regulate and integrate blockchain and digital assets into the country’s financial system. The move follows the recent appointment of Bilal bin Saqib as Chief Advisor to the Finance Minister for digital asset management.
The Pakistan Crypto Council (PCC) will regulate, promote, and incorporate blockchain and cryptocurrency innovations within Pakistan’s economic framework. A statement released by the Finance Division on Friday, March 14, 2025, characterized the council’s formation as a crucial step in embracing digital finance and positioning Pakistan as a key player in the global shift towards blockchain technology.
Led by Finance Minister Muhammad Aurangzeb, the council’s board will 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 is designed to ensure a balanced approach to regulatory oversight, financial stability, legal frameworks, and technological advancements.
According to The Express Tribune, Aurangzeb, during an address, highlighted Pakistan’s desire to lead in the digital finance sector. He indicated that the focus will be on investor protection and the broader financial system.
“The establishment of the Pakistan Crypto Council is a step towards embracing innovation while ensuring we create a regulatory framework that protects investors and the financial system,” Aurangzeb said.
He also emphasized the country’s dedication to cultivating a responsible and forward-thinking crypto ecosystem to stimulate economic growth. Bilal bin Saqib underscored the council’s importance, noting that its scope extends beyond regulation to fostering an environment where blockchain and digital finance can flourish.
The PCC will prioritize establishing clear regulatory guidelines to facilitate cryptocurrency adoption, engaging with international crypto and blockchain organizations to ensure best practices and promoting responsible innovation.
