Story Highlights
- Pakistan launches Crypto Council to regulate digital assets.
- Finance Minister Aurangzeb to lead new Crypto Council.
- PCC to drive blockchain integration and policy formation.
The Pakistani government has set up the Pakistan Cryptocurrency Council (PCC). This will oversee blockchain technology and digital assets in the country’s financial sector. According to DAWN, the chairman of the council will be Finance Minister Muhammad Aurangzeb.
The nation of Pakistan ranks among the leading countries demonstrating interest in cryptocurrency adoption. The user base of crypto activities in this country exceeds 20 million individuals. The trading volume for cryptocurrency within this market has reached more than $20 billion.
The initiative to establish the council emerged on February 25. The finance ministry under Finance Minister Muhammad Aurangzeb established plans to create a national crypto council following his meeting with a foreign delegation. The authorities wanted to embrace digital currencies while remaining competitive in worldwide trends.
Pakistan makes progress towards blockchain regulation and integration through the launch of the PCC. The council pursues multiple functions that include policy formation together with innovation promotion alongside maintaining secure cryptographic procedures. According to the Finance Division, the council would provide Pakistan with the capability to remain competitive in digital finance markets.
Pakistan Crypto Council to Drive Transparency and Growth
The leadership team behind the council will possess significant strength in terms of leadership. Aurangzeb serves as the finance minister to lead the council as chairman, while Saqib acts as its chief executive officer. The board consists of the governor representing State Bank of Pakistan alongside the Securities and Exchange Commission (SECP) chairman and the secretaries from both Federal law and IT branches. The combination of financial regulations, legal policies and technology development will receive guidance from this leadership to support Pakistan’s crypto industry.
Finance Minister Aurangzeb announced at the launch that the world moves fast toward digital finance yet Pakistan seeks to be a leading force in this development. According to him, the council exists to develop regulations that protect both investors and the financial system.
PCC CEO Saqib stated to the audience that the council serves objectives beyond issuing regulations. Blockchain and digital finance need an environment that promotes their sustainable development. He stressed that Pakistan’s focus will be on security, transparency, and innovation while becoming a strong player in the global digital economy.
