Pakistani government has officially launched the Pakistan Crypto Council (PCC), marking a significant step towards integrating blockchain technology and digital assets into the country’s financial system. According to a statement from the Finance Division, the initiative aims to regulate and promote cryptocurrency while fostering a secure and innovative digital finance ecosystem. The establishment of the PCC reflects Pakistan’s growing recognition of the global shift towards blockchain technology and its potential for economic transformation.
The council will be led by Finance Minister Muhammad Aurangzeb and will include key government officials such as 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 a comprehensive approach to regulatory oversight, financial stability, legal frameworks, and technological advancements, balancing innovation with investor protection and risk mitigation.
Bilal bin Saqib has been appointed as the Chief Advisor to the Finance Minister for the PCC, reinforcing the government’s commitment to leveraging expertise in digital finance and blockchain development. Saqib emphasized that the council’s mission extends beyond regulation, aiming to create an environment where blockchain-based financial solutions can flourish. He stressed that Pakistan must position itself competitively in the digital economy while ensuring security, transparency, and compliance with international standards.
Finance Minister Muhammad Aurangzeb hailed the formation of the PCC as a milestone in Pakistan’s financial evolution, highlighting the government’s intent to harness blockchain technology for economic growth. He underscored the importance of creating a clear regulatory framework that protects investors while enabling responsible cryptocurrency adoption. The minister also reaffirmed Pakistan’s commitment to developing a progressive digital finance sector that aligns with global trends and best practices.
One of the council’s immediate priorities is to establish comprehensive regulatory guidelines for cryptocurrency usage, ensuring a structured approach to its adoption. Additionally, the PCC plans to collaborate with international crypto and blockchain organizations to adopt best practices and align Pakistan’s regulatory policies with global standards. This engagement is expected to attract foreign investment and encourage fintech startups to innovate within a well-defined legal framework.
The PCC will also work closely with key stakeholders, including financial institutions, fintech startups, investors, and blockchain developers. By fostering dialogue between the private and public sectors, the council aims to create a conducive environment for digital finance. Furthermore, consumer protection and financial security will remain central to the council’s objectives, with a focus on implementing robust compliance measures to prevent financial crimes such as fraud and money laundering.
With Pakistan taking a proactive approach toward digital assets and blockchain technology, the launch of the PCC signals the government’s recognition of the transformative potential of these innovations. As the council begins its work, it is expected to shape policies that will define the future of cryptocurrency regulation in Pakistan, paving the way for a more inclusive and tech-driven financial system.
