Pakistan has launched the Pakistan Crypto Council (PCC), a regulatory body aimed at overseeing the integration of blockchain technology and digital assets into the nation’s financial system.
Announced by the Finance Division, this initiative represents a major policy shift, as Pakistan previously resisted crypto legalization due to concerns over illicit financing. Now, with global trends favoring digital asset regulation, the country is positioning itself as a key player in blockchain innovation.
The council, chaired by Finance Minister Muhammad Aurangzeb, brings together top financial and regulatory officials, including the Governor of the State Bank of Pakistan and the Chairman of the Securities and Exchange Commission of Pakistan (SECP). Bilal bin Saqib has been appointed Chief Advisor to the Finance Minister for the council, highlighting the government’s commitment to structured crypto oversight. His appointment underscores Pakistan’s focus on financial security, risk mitigation, and economic assessment of digital assets.
The PCC aims to establish clear regulatory guidelines, collaborate with international blockchain organizations, and create an environment conducive to responsible crypto adoption. Consumer protection, compliance, and financial stability remain core priorities. With over 20 million active crypto users and an annual $35 billion remittance market, Pakistan stands to benefit significantly from increased blockchain integration, signaling a major step toward embracing the future of digital finance.
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