Pakistan’s Finance Minister Muhammad Aurangzeb has emphasized the pivotal role of the Pakistan Crypto Council (PCC) in advancing the country’s digital assets and blockchain technology landscape. Speaking at the council’s inaugural meeting in Islamabad, Aurangzeb described the PCC as a central platform for regulators and industry leaders to collaborate on a responsible and future-ready regulatory framework for cryptocurrencies.
Aurangzeb reaffirmed the government’s dedication to building a transparent and innovative financial ecosystem, aimed at attracting investments, empowering youth, and positioning Pakistan as a leader in emerging technologies. He stressed the importance of balancing economic stability with the vast potential of digital assets, ensuring that Pakistan navigates its approach to cryptocurrencies with care.
Also Read: Pakistan Lifts Crypto Ban? Legalization Plan Grabs Global Attention
The meeting marked the official launch of the PCC, a government initiative designed to regulate and integrate blockchain and cryptocurrency technologies into the national financial system. Earlier this month, Bilal bin Saqib was appointed as Chief Advisor to the Finance Minister for the council.
The PCC’s formation, according to the Finance Division, is a significant milestone in Pakistan’s efforts to embrace digital finance and become a key player in the global shift towards blockchain technology. The council will be led by Finance Minister Aurangzeb, with key figures such as the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan, and Federal Law and IT Secretaries on its board.
