Pakistan establishes crypto council

Pakistan has officially launched the Pakistan Crypto Council, signaling a shift toward regulated cryptocurrency adoption.

The initiative, backed by the government, aims to integrate blockchain technology into the country’s financial system.

Federal Minister for Finance and Revenue Muhammad Aurangzeb emphasized Pakistan’s ambition to lead in digital finance.

“This step ensures innovation while safeguarding investors and the financial system,” he stated.

Bilal Bin Saqib has been appointed CEO of the council and lead adviser to the finance minister for digital currency policy. He aims to establish a secure and transparent crypto ecosystem.

The council will collaborate with global crypto and blockchain organizations to adopt best practices.

This move marks a shift in Pakistan’s stance on cryptocurrency, transitioning from previous resistance to a structured regulatory approach.